<PAGE> 1
Exhibit 12.1
(Amounts in thousands)
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<CAPTION>
Six Months Pro forma
Years ended ended year ended Six Months
June 30, December 31, Years ended December 31, December 31, ended June 30,
1995 1996 1996 1997 1998 1999 1999 1999 2000
---- --- ---------- ---- ---- ---- ---------- ---- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Income available for
fixed charges:
Income (loss) from continuing
operations before
taxes $41,076 $42,078 $23,786 $46,304 $48,353 $ 2,695 $(5,974) $11,806 $(13,330)
Fixed charges 360 339 485 1,319 1,305 23,989 43,332 473 22,044
------- ------- ------- ------- ------- ------- ------- ------- --------
$41,436 $42,417 $24,271 $47,623 $49,658 $26,684 $37,358 $12,279 $ 8,714
Fixed Charges:
Interest expense $ -- $ -- $ 257 $ 392 $ 634 $23,194 $42,537 $ 29 $ 21,621
Interest portion of
rent expense 360 339 228 927 671 795 795 444 423
------- ------- ------- ------- ------- ------- ------- ------- --------
$ 360 $ 339 $ 485 $ 1,319 $ 1,305 $23,989 $43,332 $ 473 $ 22,044
Ratio of earnings to
fixed charges 115.1x 125.1x 50.0x 36.1x 38.1x 1.1x (a) 26.0x (b)
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(a) The Company's earnings were inadequate to cover fixed charges for the pro
forma year ended December 31, 1999 by approximately $5,974.
(b) The Company's earnings were inadequate to cover fixed charges for the six
months ended June 30, 2000 by approximately $13,330.
