EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES YEARS ENDED DECEMBER 31 2002 2001 2000 1999 1998 -------- ------- -------- -------- -------- FIXED CHARGES: Interest charges $ 16,354 $20,738 $ 16,521 $ 18,020 $ 22,359 Net amortization of debt discount and premium and issuance expense 580 364 224 371 640 Interest portion of rental charges 484 455 472 478 495 -------- ------- -------- -------- -------- TOTAL FIXED CHARGES $ 17,418 $21,557 $ 17,217 $ 18,869 $ 23,494 ======== ======= ======== ======== ======== EARNINGS: Pre-tax earning $ 83,895 $53,431 $101,026 $ 87,225 $ 87,663 Interest charges 16,354 20,738 16,521 18,020 22,359 Net amortization of debt discount and premium and issuance expense 580 364 224 371 640 Interest portion of rental charges 484 455 472 478 495 -------- ------- -------- -------- -------- TOTAL EARNINGS $101,313 $74,988 $118,243 $106,094 $111,157 ======== ======= ======== ======== ======== RATIO OF EARNINGS TO FIXED CHARGES 5.8 3.5 6.9 5.6 4.7