EXHIBIT 12.1
RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)
Fiscal Year Ended December 31,
2004 2003 2002 2001 2000
--------------------------------------------------------
Earnings:
Income before income taxes $ 23,732 $ 33,316 $ 20,965 $ 13,778 $ (876)
Pretax charges (credits) -- (94) (28) -- --
Fixed Charges:
Interest expense 3,857 3,523 3,265 3,699 12,305
Capitalized interest -- 99 30 -- --
Deferred financing fees 678 578 487 312 907
Interest portion of rental expense 354 319 275 300 306
--------------------------------------------------------
$ 28,621 $ 37,741 $ 24,994 $ 18,089 $ 12,642
========================================================
Fixed Charges:
Interest expense 3,857 3,523 3,265 3,699 12,305
Capitalized interest -- 99 30 -- --
Deferred financing fees 678 578 487 312 907
Interest portion of rental expense 354 319 275 300 306
--------------------------------------------------------
$ 4,889 $ 4,519 $ 4,057 $ 4,311 $ 13,518
========================================================
Ratio of Earnings to Fixed Charges 5.9 8.4 6.2 4.2 0.9
========================================================
1