EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
SIX MONTHS ENDED SIX MONTHS ENDED
JUNE 30, 2003 JUNE 30, 2002
Interest expense net of capitalized interest 5,958 5,682
Rental expense full year 1,068 1,274
Rental expense 1/3 of full year 89 106
-------- --------
Fixed Charges 6,047 5,788
-------- --------
Earnings (loss) before income taxes (4,565) 1,672
Amortization of capitalized interest (211) (532)
-------- --------
Earnings (Loss) before income taxes and amortization
of capitalized interest (4,776) 1,140
-------- --------
"Earnings" ("Loss") is fixed charges plus earnings (loss)
before income taxes and amortization of
capitalized interest 1,271 6,928
-------- --------
Ratio of "earnings" ("loss") to fixed charges 0.2 1.2
-------- --------
Preferred dividends - -
-------- --------
Fixed Charges and preferred dividends 6,047 5,788
-------- --------
Ratio of "earnings" ("loss") to fixed charges and
preferred dividends 0.2 1.2
-------- --------
2002 2001 2000
-------- -------- --------
Interest expense net of capitalized income 11,640 11,279 3,499
Rental expense full year 2,548 2,707 1,069
Rental expense 1/3 of full year 849 902 356
-------- -------- --------
Fixed Charges 12,489 12,181 3,855
-------- -------- --------
Earnings (loss) before income taxes (6,537) (1,779) 4,239
Amortization of capitalized interest (766) (1,207) -
-------- -------- --------
Earnings (Loss) before income taxes and amortization
of capitalized interest (7,303) (2,986) 4,239
-------- -------- --------
"Earnings" ("Loss") is fixed charges plus earnings (loss)
before income taxes and amortization of
capitalized interest 5,186 9,195 8,094
-------- -------- --------
Ratio of "earnings" ("loss") to fixed charges 0.4 0.8 2.1
-------- -------- --------
Preferred dividends - - -
-------- -------- --------
Fixed Charges and preferred dividends 12,489 12,181 3,855
-------- -------- --------
Ratio of "earnings" ("loss") to fixed charges and
preferred dividends 0.4 0.8 2.1
-------- -------- --------
1999 1998
-------- --------
Interest expense net of capitalized income 295 313
Rental expense full year 1,016 1,348
Rental expense 1/3 of full year 339 449
-------- --------
Fixed Charges 634 762
-------- --------
Earnings (loss) before income taxes 3,281 6,351
Amortization of capitalized interest - -
-------- --------
Earnings (Loss) before income taxes and amortization
of capitalized interest 3,281 6,351
-------- --------
"Earnings" ("Loss") is fixed charges plus earnings (loss)
before income taxes and amortization of
capization interest 3,915 7,113
-------- --------
Ratio of "earnings" ("loss") to fixed charges 6.2 9.3
-------- --------
Preferred dividends - -
-------- --------
Fixed Charges and preferred dividends 634 762
-------- --------
Ratio of "earnings" ("loss") to fixed charges and
preferred dividends 6.2 9.3
-------- --------