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EXHIBIT 12.1
RATIO OF EARNINGS TO FIXED CHARGES
Our ratio of earnings to fixed charges is as follows:
Nine-Month Fiscal
Period Year
Year Ended Ended Ended
December 31, December 31, March 31,
2002 2001 2000 1999 1999
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(In thousands, except for ratios)
Earnings:
Income (loss) from continuing
operations before provision
for income taxes and
extraordinary item $ (771,141) $ 85,907 $ (14,229) $ 32,503 $ 176,794
Minority interest - - - - (3,516)
Equity in undistributed earnings
(losses) of affiliates 1,053 (3,418) 18,624 11,165 9,218
Interest expense 15,124 39,663 43,605 35,743 63,240
Portion of rents representative
of the interest factor 15,011 14,442 14,418 11,385 31,989
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$ (739,953) $ 136,594 $ 62,418 $ 90,796 $ 277,725
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Fixed charges:
Interest expense, including
amount capitalized 17,947 41,040 45,994 37,679 63,818
Portion of rents representative
of the interest factor 15,011 14,442 14,418 11,385 31,989
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$ 32,958 $ 55,482 $ 60,412 $ 49,064 $ 95,807
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Ratio of earnings to fixed charges - 2.46x 1.03x 1.85x 2.90x
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