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EXHIBIT 12.1
STATEMENT REGARDING COMPUTATION OF RATIOS
RATIO OF EARNINGS TO FIXED CHARGES
Predecessor
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Nine Months
Ended
Year Ended December 31, September 30,
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1992 1993 1994 1995
------- ------- ------- ------------
(dollars in thousands)
Earnings before income taxes....... $23,581 $28,804 $31,356 $16,963
Fixed charges...................... 1,101 1,773 2,597 3,707
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$24,682 $30,577 $33,953 $20,670
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Divided by:
Fixed charges...................... $ 1,101 $ 1,773 $ 2,597 $ 3,707
22.4x 17.2x 13.1x 5.6x
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Successor
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Three Nine
Months Year Months
Ended Ended Ended
December 31, December 31, September 30,
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1995 1996 1997
------- ------- ----------
(dollars in thousands)
Earnings before income taxes....... $ 1,778 $(2,373) $ 5,299
Fixed charges...................... 5,926 27,627 17,391
------- ------- -------
$ 7,704 $25,254 $22,690
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Divided by:
Fixed charges...................... $ 5,926 $27,627 $17,391
1.3x .9x 1.3x
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