EXHIBIT 12.1
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STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO
COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(In thousands)
YEAR ENDED DECEMBER 31,
1997 1998 1999 2000 2001
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Earnings:
Income (loss) before income taxes $ (3,367) $ 6,334 $ 20,151 $ 47,499 $ 50,645
Fixed Charges per below 2,609 5,420 12,142 29,453 31,093
Less: Capitalized interest per below -- -- -- 8 213
Current period amortization of interest capitalized
in prior periods -- -- -- -- --
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Total Earnings $ (758) $ 11,754 $ 32,293 $ 76,944 $ 81,525
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Fixed Charges and Preferred Stock Dividends:
Interest expense $ 1,957 $ 3,458 $ 11,531 $ 28,705 $ 30,045
Capitalized interest -- -- -- 8 213
Interest portion of rent expense 63 197 611 740 835
Preferred dividend requirements 589 1,765 -- -- --
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Total Fixed Charges and Preferred Stock Dividends $ 2,609 $ 5,420 $ 12,142 $ 29,453 $ 31,093
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Ratio of Earnings to Combined Fixed Charges
and Preferred Stock -- 2.2 2.7 2.6 2.6
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Dollar Amount of Deficiency Below 1.0 $ 3,367 N/A N/A N/A N/A
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