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Exhibit 12
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<CAPTION>
Three Months Ended Six Months Ended
June 30, June 30,
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2000 1999 2000 1999
-------- -------- -------- --------
<S> <C> <C> <C> <C>
DETERMINATION OF RATIO OF EARNINGS TO
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FIXED CHARGES:
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Loss before benefit for income taxes ($ 2,237) ($ 1,673) ($ 2,679) ($ 1,063)
Fixed charges
Amortization of deferred financing costs 335 298 673 594
Interest expense 5,160 4,396 10,222 8,579
-------- -------- -------- --------
Earnings before fixed charges 3,258 3,021 8,216 8,110
Fixed charges
Amortization of deferred financing costs 335 298 673 594
Interest expense 5,160 4,396 10,222 8,579
-------- -------- -------- --------
Total fixed charges 5,495 4,694 10,895 9,173
Ratio of earnings to fixed charges 0.59X 0.64X 0.75X 0.88X
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