1 EXHIBIT 12.1 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 1995 1996 1997 1998 1999 Earnings: Total earnings (loss) $ (261) $ 1,175 $ 3,172 $ 14,137 $(16,917) Income tax provision (credit) 134 2,045 5,193 12,986 (2,772) Extraordinary item 1,462 -------- -------- -------- -------- -------- Pre-tax earnings (loss) (127) 3,220 9,827 27,123 (19,689) -------- -------- -------- -------- -------- Fixed charges: Interest charges 5,193 4,510 3,463 3,175 22,722 Interest factor of operating rents 190 188 178 197 227 -------- -------- -------- -------- -------- Total fixed charges 5,383 4,698 3,641 3,372 22,949 -------- -------- -------- -------- -------- Earnings as adjusted $ 5,256 $ 7,918 $ 13,468 $ 30,495 $ 3,260 ======== ======== ======== ======== ======== Ratio of earnings to fixed charges -- 1.7 3.7 9.0 -- ======== ======== ======== ======== ======== xxv