. . . EXHIBIT 12.1 STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES FOR THE YEARS ENDED DECEMBER 31, --------------------------------------------------------------------- 2004 2003 2002 2001 2000 --------- --------- --------- --------- --------- Earnings: Pre-tax income from continuing operations .... $ 16,144 $ 42,221 $ 83,193 $ 34,382 $ 73,089 Fixed charges ................................ 102,512 100,320 99,589 112,054 121,321 Less: Preferred stock dividends .............. (4,144) (4,144) (4,144) (4,144) Net fixed charges ........................... 102,512 96,176 95,445 107,910 117,177 --------- --------- --------- --------- --------- EARNINGS ...................................... $ 118,656 $ 138,397 $ 178,638 $ 142,292 $ 190,266 ========= ========= ========= ========= ========= FIXED CHARGES: Interest expense ............................. $ 89,535 $ 81,921 $ 83,908 $ 100,514 $ 111,929 Dividends on trust preferred securities (a)... 4,144 4,144 4,144 4,144 Loss on early extinguishment of debt ......... -- 2,852 5,520 -- -- Interest factor of rental expense ............ 12,977 11,403 6,017 7,396 5,248 --------- --------- --------- --------- --------- TOTAL FIXED CHARGES .......................... $ 102,512 $ 100,320 $ 99,589 $ 112,054 $ 121,321 ========= ========= ========= ========= ========= RATIO OF EARNINGS TO FIXED CHARGES ............ 1.2 1.4 1.8 1.3 1.6 ========= ========= ========= ========= ========= (a) As required by FIN 46, minority interest -- dividends on trust preferred securities has been classified as a component of interest expense on a gross basis for periods subsequent to December 31, 2003.