Exhibit 12.1
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS)
. Eight Months
. Years Ended Ended
. --------------------------------------------- ------------
. December 31 April 30, December 31,
. ------ ------------------------------------ ------------
1998 1998 1997 1996 1995 1998
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Earnings:
Income before extraordinary item and
contri-
bution to Equity Compensation Plan $ (818) $ 7,862 $10,685 $ 9,079 $ 8,064 $(5,598)
Interest expense including
amortization of debt issuance costs 27,440 14,706 7,816 6,630 4,345 14,587
Interest portion of Rental Expense 428 436 467 438 428 302
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Total Earnings $27,050 $23,004 $18,968 $16,147 $12,837 $ 9,291
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Fixed Costs:
Interest expenses including
amortization of debt issuance costs 27,440 $14,706 $ 7,816 $ 6,630 $ 4,345 $14,587
Interest portion of Rental Expense 428 436 467 438 428 302
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Total Fixed Charges 27,868 $15,142 $ 8,283 $ 7,068 $ 4,773 14,889
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Ratio of Earnings to Fixed Charges 0.97x 1.52x 2.29x 2.28x 2.69x 0.62x
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