. . . EXHIBIT 12.1 RATIO OF EARNINGS TO FIXED CHARGES SIX MONTHS YEAR ENDED DECEMBER 31, ENDED JUNE 30, ------------------------------------------------------------- ---------------------- 2000 2001 2002 2003 2004 2004 2005 ---- ---- ---- ---- ---- ---- ---- Earnings: Income from continuing operations before income tax..................... $ 5,117 $ (4,549) $ (7,727) $ 934 $ 3,904 $ 4,516 $ 3,294 Add: Interest expense................. 1,409 421 1,692 1,193 1,611 1,060 34 Equity in earnings of unconsolidated investments..... 54 206 1,186 (22) 18 53 (124) Less: Dividends....................... (360) (360) (374) (500) (714) (360) (603) ---------- ---------- ----------- ---------- ---------- ---------- --------- Earnings available to cover fixed charges................................ $ 6,220 $ (4,282) $ (5,223) $ 1,605 $ 4,819 $ 5,269 $ 2,601 ========== ========== =========== ========== ========== ========== ========= Fixed charges: Interest expense................... $ 1,409 $ 421 $ 1,692 $ 1,193 $ 1,611 $ 1,060 $ 34 Dividends.......................... 360 360 374 500 714 360 603 ---------- ---------- ----------- ---------- ---------- ---------- --------- Total fixed charges.................... $ 1,769 $ 781 $ 2,066 $ 1,693 $ 2,325 $ 1,420 $ 637 ========== ========== =========== ========== ========== ========== ========= Ratio of earnings to fixed charges 3.52% (5.485) (2.53)% (0.95%) 2.07% 3.71% 4.08% $ Value of deficiency $ (5,063) $ (7,289) $ (88) ========== ===========