RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
Adjusted
Two Months Ten Months Combined
Year Ended Ended Ended Year Ended
December 31, February 28, December 31, December 31,
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1993 1994 1994 1994
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Consolidated Statements of Income Data
Income (loss) before income taxes,
cumulative effect and extraordinary
charge $ (23,486) $ (6,013) $ 7,216 $ 1,203
Add:
Portion of rents representative of the
interest factor 3,667 633 4,418 5,051
Interest on indebtedness 14,175 2,328 14,817 17,145
Amortization of deferred financing costs - - 2,837 2,837
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Income as adjusted $ (5,644) $ (3,052) $ 29,288 $ 26,236
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Fixed charges:
Portion of rents representative of the
interest factor $ 3,667 $ 633 $ 4,418 $ 5,051
Interest on indebtedness 14,175 2,328 14,817 17,145
Amortization of deferred financing costs - - 2,837 2,837
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Fixed charges $ 17,842 $ 2,961 $ 22,072 $ 25,033
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Ratio of earnings to fixed charges - - 1.3 -
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Year Ended Three Months Ended
December 31, March 31,
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1995 1996 1997 1997 1998
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Consolidated Statements of Income Data
Income (loss) before income taxes,
cumulative effect and extraordinary
charge $ 39,920 $ 50,826 $ 59,947 $ 10,092 $ 13,972
Add:
Portion of rents representative of the
interest factor 5,442 7,344 8,790 1,238 1,512
Interest on indebtedness 15,020 17,067 19,721 4,685 6,082
Amortization of deferred financing costs 793 315 388 113 120
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Income as adjusted $ 61,175 $ 75,552 $ 88,846 $ 16,128 $ 21,686
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Fixed charges:
Portion of rents representative of the
interest factor $ 5,442 $ 7,344 $ 8,790 $ 1,238 $ 1,512
Interest on indebtedness 15,020 17,067 19,721 4,685 6,082
Amortization of deferred financing costs 793 315 388 113 120
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Fixed charges $ 21,255 $ 24,726 $ 26,899 $ 6,036 $ 7,714
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Ratio of earnings to fixed charges 2.9 3.1 3.1 2.7 2.8
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