EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS)

|                                                               |                                                        | Six Months
Ended |         | Years Ended |    
|-------------------------------------------------------------- | ------------------------------------------------------ | ---------------- | ------- | ----------- | ---
|
|Earnings (loss) from continuing operations before income taxes |                                                        | $                | (14,972 | )           | $  
|Add:                                                           |                                                        |                  |         |             |    
|                                                               | Interest on indebtedness                               |                  |         | 24,416      |    
|                                                               | Amortization of debt expense                           |                  |         | 582         |    
|                                                               | Portion of rents representative of the interest factor |                  |         | 5,463       |    
|Deduct:                                                        |                                                        |                  |         |             |    
|                                                               | Undistributed earnings from unconsolidated companies   |                  |         | (1,037      | )  
|                                                               |                                                        |                  |         |             |    
|                                                               | Earnings                                               |                  | $       | 14,452      | (a)
|                                                               |                                                        |                  |         |             |    
|Fixed charges:                                                 |                                                        |                  |         |             |    
|                                                               | Interest on indebtedness                               |                  |         | 24,416      |    
|                                                               | Amortization of debt expense                           |                  |         | 582         |    
|                                                               | Portion of rents
representative of the
interest factor |                  |         | 5,463       |    
|                                                               |                                                        |                  |         |             |    
|Total fixed charges                                            |                                                        | $                | 30,461  |             | $  
|                                                               |                                                        |                  |         |             |    
|Ratio of earnings to fixed
charges                             |                                                        |                  |        | (a)         |    
|                                                               |                                                        |                  |         |             |    

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