1 Exhibit 12 RATIO OF EARNINGS TO FIXED CHARGES (thousands) PRO FORMA 1992 1993 1994 1995 1996 1996 $ $ $ $ $ $ - -------------------------------------------------------------------------------------------------------------------- Net (loss) income before extraordinary items (12) (95) (104) 687 572 (5,301) Add interest expense 227 227 625 1,294 2,481 11,850 Interest on operating leases 41 43 186 232 299 499 - ------------------------------------------------------------------------------------------------------------------- 256 175 707 2,213 3,352 7,048 Interest expense plus interest on operating leases 268 270 811 1,526 2,780 12,349 - -------------------------------------------------------------------------------------------------------------------- Ratio - - - 1.450 1.206 - - -------------------------------------------------------------------------------------------------------------------- Deficiency (12) (95) (104) n/a n/a (5,301) - -------------------------------------------------------------------------------------------------------------------- NINE MONTHS NINE MONTHS NINE MONTHS NINE MONTHS ENDED ENDED ENDED ENDED SEPTEMBER SEPTEMBER SEPTEMBER SEPTEMBER 30, 1996 30, 1997 30, 1996 30, 1997 PRO FORMA PRO FORMA $ $ $ $ - -------------------------------------------------------------------------------------------------------- Net (loss) income before extraordinary items 570 2,297 (3,735) (2,223) Add interest expense 1,702 2,901 8,888 8,888 Interest on operating leases 209 326 372 379 - -------------------------------------------------------------------------------------------------------- 2,481 5,524 5,525 7,044 Interest expense plus interest on operating leases 1,911 3,227 9,260 9,267 - -------------------------------------------------------------------------------------------------------- Ratio 1.298 1.712 - - - -------------------------------------------------------------------------------------------------------- Deficiency n/a n/a (3,735) (2,223) - ---------------------------------------------------------------------------------------------------------