1 EXHIBIT 12.1 STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES NINE MONTHS YEARS ENDED DECEMBER 31, ENDED SEPTEMBER 30, ------------------------ ------------------- 1992 1993 1994 1995 1996 1996 1997 ---- ---- ---- ---- ---- ---- ---- Income (loss) before taxes, extraordinary item and cumulative effect of change in accounting $ 2,512 $(2,506) $(1,468) $(4,532) $ 1,648 $ 2,040 $ 7,283 Fixed charges deducted from earnings 9,408 10,989 10,822 10,101 9,019 6,906 5,927 ------- ------- ------- ------- ------- ------- ------- Earnings available for payment of fixed charges $11,920 $ 8,483 $ 9,354 $ 5,569 $10,667 $ 8,946 $13,210 ======= ======= ======= ======= ======= ======= ======= Fixed charges: Interest expense $ 8,159 $ 9,188 $ 9,050 $ 9,292 $ 8,259 $ 6,336 $ 5,338 Amortization of deferred financing fees 827 1,315 1,315 290 316 237 237 Portion of rent deemed to be interest 422 486 457 519 444 333 352 ------- ------- ------- ------- ------- ------- ------- Total fixed charges $ 9,408 $10,989 $10,822 $10,101 $ 9,019 $ 6,906 $ 5,927 ======= ======= ======= ======= ======= ======= ======= Ratio of earnings to fixed charges 1.3 0.8 0.9 0.6 1.2 1.3 2.2 ======= ======= ======= ======= ======= ======= =======