Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Year Ended December 31, | For the Nine Sept. 30, 2006 | |||||||||||||||||
| 2001 | 2002 | 2003 | 2004 | 2005 | ||||||||||||||
| Unaudited (in thousands, except ratios) | ||||||||||||||||||
| EARNINGS |
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| (Loss) income from continuing operations |
$ | 5,417,000 | $ | 441,000 | $ | 619,000 | $ | 4,304,000 | $ | 10,895,000 | $ | 22,404,000 | ||||||
| Interest expense |
381,000 | 181,000 | 112,000 | 246,000 | 250,000 | 1,312,000 | ||||||||||||
| Interest expense – Preferred Stock |
— | — | 875,000 | 1,949,000 | 272,000 | — | ||||||||||||
| Income before fixed charges |
5,798,000 | 622,000 | 1,606,000 | 6,499,000 | 11,417,000 | 23,716,000 | ||||||||||||
| FIXED CHARGES |
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| Interest expense |
381,000 | 181,000 | 112,000 | 246,000 | 250,000 | 1,312,000 | ||||||||||||
| Interest expense – Preferred Stock |
— | — | 875,000 | 1,949,000 | 272,000 | — | ||||||||||||
| Total fixed charges |
$ | 381,000 | $ | 181,000 | $ | 987,000 | $ | 2,195,000 | $ | 522,000 | $ | 1,312,000 | ||||||
| Earnings/fixed charge coverage ratio |
15.2 | 3.4 | 1.6 | 3.0 | 21.9 | 18.1 | ||||||||||||