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Exhibit 12
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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except ratios)
Three Months Ended
March 31, Fiscal Year Ended December 31,
---------------------- -------------------------------------------------------
2003 2002 2002 2001 2000 1999 1998
----------- --------- ----------- --------- --------- --------- ---------
FIXED CHARGES
Interest expensed and capitalized............ $3,562 $4,472 $15,147 $13,970 $ 9,148 $ 7,977 $1,551
Amortized premiums related to indebtedness... 275 240 993 905 840 631 113
Estimate of interest within rental expense... 893 792 3,454 4,682 4,912 4,557 3,705
--------- --------- ----------- --------- --------- --------- ---------
TOTAL FIXED CHARGES.............................. $4,730 $5,504 $19,594 $19,557 $14,900 $13,165 $5,369
========= ========= =========== ========= ========= ========= =========
EARNINGS
ADD
Pretax income (loss) from continuing operations
before minority interests in consolidated
subsidiaries or income (loss) from equity
investees.................................... $2,283 $(2,561) $(7,146) $(26,877) $(30,899) $ 7,533 $7,471
Fixed charges.................................. 4,730 5,504 19,594 19,557 14,900 13,165 5,369
--------- --------- --------- --------- --------- --------- ---------
TOTAL ADJUSTED EARNINGS............................ $7,013 $ 2,943 $12,448 $ (7,320) $(15,999) $20,698 $12,840
========= ========= ========= ========= ========= ========= =========
RATIO OF EARNINGS TO FIXED CHARGES................. 1.48x 0.53x 0.64x - - 1.57x 2.39x
========= ========= ========= ========= ========= ========= =========
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