Form: S-3/A

Registration statement for specified transactions by certain issuers

August 25, 2004

S-3/A: Registration statement for specified transactions by certain issuers

Published on August 25, 2004


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Exhibit 12.1


STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

        The ratios of earnings to fixed charges is set forth below. We have calculated the ratio of earnings to fixed charges by adding net income (loss) from continuing operations to fixed charges and dividing that sum by such fixed charges. Fixed charges consist of interest expense and amortization of deferred financing costs.

 
  Year Ended December 31,
   
 
 
  For the Six Months Ended
June 30, 2004

 
 
  1999
  2000
  2001
  2002
  2003
 
 
  Unaudited (in thousands except ratios)

 
RATIO OF EARNINGS TO FIXED CHARGES                                      
Net income (loss) from continuing operations   $ 18,966   $ (43,250 ) $ (15,588 ) $ (3,744 ) $ 23,341   $ (3,869 )
  Interest expense     42,947     42,400     33,204     27,381     23,388     30,433  
   
 
 
 
 
 
 
  Earnings   $ 61,913   $ (850 ) $ 17,616   $ 23,637   $ 46,729   $ 26,564  
   
 
 
 
 
 
 
Interest expense   $ 42,947   $ 42,400   $ 33,204   $ 27,381   $ 23,388   $ 30,433  
   
 
 
 
 
 
 
  Total fixed charges   $ 42,947   $ 42,400   $ 33,204   $ 27,381   $ 23,388   $ 30,433  
   
 
 
 
 
 
 
Ratio of earnings to fixed charges     1.4x     *     *     *     2.0x     *  
   
 
 
 
 
 
 

*
Our earning were insufficient to cover our fixed charges by $43,250, $15,588, $3,744 and $3,869 in 2000, 2001, 2002 and the six months ended June 30, 2004, respectively.



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STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES