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Exhibit 12.1
<Table>
<Caption>
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND CONVERTIBLE PREFERRED STOCK DIVIDENDS
In thousands
1999 2000 2001 2002 2003 2003
Consolidated pretax income (loss) from continuing
operations 18,371 20,873 (31,580) (13,036) (62,144) (44,294)
Interest expense 29,947 34,027 40,084 43,595 53,843 36,267
Interest portion of rental expense 492 765 633 595 738 738
------ ------ ------- ------- ------- -------
Earnings 48,810 55,665 9,137 31,154 (7,563) (7,289)
Interest expense 29,947 34,027 40,084 43,595 53,843 36,267
Interest portion of rental expense 492 765 633 595 738 738
------ ------ ------- ------- ------- -------
Fixed Charges 30,439 37,792 40,717 44,190 54,581 37,005
RATIO OF EARNINGS TO FIXED CHARGES 1.60 1.60 (1) (2) (3) (4)
</Table>
(1) For the year ended December 31, 2001, earnings were inadequate to cover
fixed charges. We would need an additional $31,580,000 of earnings in order to
cover our fixed charges.
(2) For the year ended December 31, 2002, earnings were inadequate to cover
fixed charges. We would need an additional $13,036,000 of earnings in order to
cover our fixed charges.
(3) For the year ended December 31, 2003, earnings were inadequate to cover
fixed charges. We would need an additional $62,144,000 of earnings in order to
cover our fixed charges.
(4) For the pro-forma year ended December 31, 2003, pro-forma earnings were
inadequate to cover fixed charges. We would need an additional $44,294,000 of
pro-forma earnings in order to cover our fixed charges.