1
Exhibit 12.1
9 MONTHS
ENDING 12 MONTHS ENDING
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9/30/97 12/31/96 12/31/95 12/31/94 12/31/93 12/31/92
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Income from continuing operations before 38,904,000 36,112,000 18,138,000 (4,663,000) (7,032,000) (19,743,000)
provision for income taxes
Add back:
Portion of rents representative of interest expense
Amortization of debt issuance costs 3,087,000 4,548,000 670,000 86,000
Interest expense 41,139,000 23,337,000 13,138,000 17,606,000 15,187,000 14,208,000
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Income as adjusted 83,130,000 63,997,000 31,946,000 13,029,000 8,155,000 (5,535,000)
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Fixed charges:
Interest expense 41,139,000 23,337,000 13,138,000 17,606,000 15,187,000 14,208,000
Amortization of debt issuance costs 3,087,000 4,548,000 670,000 86,000 -- --
Rents
Portion of rents representative of interest expense -- -- -- -- -- --
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Total fixed charges 44,226,000 27,885,000 13,808,000 17,692,000 15,187,000 14,208,000
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Ratio of Earnings to Fixed Charges 1.88 2.30 2.31 0.74 0.54 (0.39)
Earnings inadequate to cover fixed charges by: n/a n/a n/a 4,663,000 7,032,000 19,743,000