1 EXHIBIT 12 CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN THOUSANDS OF DOLLARS, EXCEPT FOR RATIOS) 2000 1999 1998 1997 1996 -------- -------- -------- -------- -------- Loss from continuing operations before income tax benefit $(19,060) $ (2,403) $ (5,798) $ (5,698) $ (5,713) Add Fixed Charges: Interest expense 14,086 11,712 1,649 1,693 2,036 Amortization of financing costs 900 620 113 175 127 -------- -------- -------- -------- -------- Total income (loss) as defined $ (4,074) $ 9,929 $ (4,036) $ (3,830) $ (3,550) ======== ======== ======== ======== ======== Fixed Charges: Interest expense $ 14,086 $ 11,712 $ 1,649 $ 1,693 $ 2,036 Capitalized interest -- 203 59 9 -- Amortization of financing costs 900 620 113 175 127 -------- -------- -------- -------- -------- Total fixed charges $ 14,986 $ 12,535 $ 1,821 $ 1,877 $ 2,163 ======== ======== ======== ======== ======== Ratio of earnings to fixed charges (0.27) 0.79 (2.22) (2.04) (1.64) Additional income required to meet a 1.0 ratio: $ 19,060 $ 2,606 $ 5,857 $ 5,707 $ 5,713