Exhibit 12.1



CALCULATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND COMBINED FIXED

CHARGES AND PREFERRED DIVIDENDS



(In thousands, except ratios)



|                                                           |  |                         |        |   |      |   |        |      |  |      |        |      |   |         |  |   |        |  
|---------------------------------------------------------- |  | ----------------------- | ------ | - | ---- | - | ------ | ---- |  | ---- | ------ | ---- | - | ------- |  | - | ------ | -
|                                                           |  | Year Ended December 31, |       
|                                                           |  | 2004                    |        |   | 2003 |   |        | 2002 |  | 2001 |        | 2000 |  
|EARNINGS AVAILABLE FOR FIXED CHARGES:                      |  |                         |        |   |      |   |        |      |  |      |        |      |   |         |  |   |        |  
|Net income                                                 |  | $                       | 53,933 |   |      | $ | 36,612 |      |  | $    | 31,579 |      | $ | 66,226  |  | $ | 38,566 |  
|Less: Capitalized interest                                 |  |                         | (2,857 | ) |      |   | (353   | )    |  |      |       |      |   |        |  |   | (17    | )
|Add: Fixed charges                                         |  |                         | 4,472  |   |      |   | 1,544  |      |  |      | 1,111  |      |   | 576     |  |   | 909    |  
|Income tax expense                                         |  |                         | 30,337 |   |      |   | 24,562 |      |  |      | 17,763 |      |   | 37,252  |  |   | 20,858 |  
|                                                           |  |                         |        |   |      |   |        |      |  |      |        |      |   |         |  |   |        |  
|EARNINGS AVAILABLE                                         |  | $                       | 85,885 |   |      | $ | 62,365 |      |  | $    | 50,453 |      | $ | 104,054 |  | $ | 60,316 |  
|                                                           |  |                         |        |   |      |   |        |      |  |      |        |      |   |         |  |   |        |  
|FIXED CHARGES:                                             |  |                         |        |   |      |   |        |      |  |      |        |      |   |         |  |   |        |  
|Interest expense                                           |  | $                       | 1,206  |   |      | $ | 784    |      |  | $    | 762    |      | $ | 381     |  | $ | 748    |  
|Capitalized interest                                       |  |                         | 2,857  |   |      |   | 353    |      |  |      |       |      |   |        |  |   | 17     |  
|Rental expense representative of interest factor           |  |                         | 409    |   |      |   | 407    |      |  |      | 349    |      |   | 195     |  |   | 144    |  
|                                                           |  |                         |        |   |      |   |        |      |  |      |        |      |   |         |  |   |        |  
|TOTAL FIXED CHARGES                                        |  | $                       | 4,472  |   |      | $ | 1,544  |      |  | $    | 1,111  |      | $ | 576     |  | $ | 909    |  
|                                                           |  |                         |        |   |      |   |        |      |  |      |        |      |   |         |  |   |        |  
|Preferred dividends on a pre-tax basis                     |  |                         |       |   |      |   |       |      |  |      |       |      |   |        |  |   |       |  
|                                                           |  |                         |        |   |      |   |        |      |  |      |        |      |   |         |  |   |        |  
|TOTAL FIXED CHARGES AND PREFERRED DIVIDENDS                |  | $                       | 4,472  |   |      | $ | 1,544  |      |  | $    | 1,111  |      | $ | 576     |  | $ | 909    |  
|                                                           |  |                         |        |   |      |   |        |      |  |      |        |      |   |         |  |   |        |  
|RATIO OF EARNINGS TO FIXED CHARGES                         |  |                         | 19.2   |   |      |   | 40.4   |      |  |      | 45.4   |      |   | 180.6   |  |   | 66.4   |  
|                                                           |  |                         |        |   |      |   |        |      |  |      |        |      |   |         |  |   |        |  
|RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS |  |                         | 19.2   |   |      |   | 40.4   |      |  |      | 45.4   |      |   | 180.6   |  |   | 66.4   |  
|                                                           |  |                         |        |   |      |   |        |      |  |      |        |      |   |         |  |   |        |