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Calculation of Ratio of Earnings to Fixed Charges
(Unaudited)
| Years ended December 31, | Three Months Ended March 31, | ||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2010 | 2009 | 2008 | 2007 | 2006 | 2011 | 2010 | |||||||||||||||||
| (Amounts in thousands) | | | |||||||||||||||||||||
Fixed Charges | ||||||||||||||||||||||||
Interest expensed and capitalized | 71,240 | 59,309 | 52,503 | 37,707 | 35,233 | 17,665 | 17,778 | |||||||||||||||||
Interest within rental expense | 19,988 | 16,417 | 21,177 | 19,191 | 19,163 | 4,941 | 4,777 | |||||||||||||||||
Preference security dividend requirements | — | — | — | — | — | — | — | |||||||||||||||||
Total Fixed Charges | 91,228 | 75,726 | 73,680 | 56,898 | 54,396 | 22,606 | 22,555 | |||||||||||||||||
Earnings | ||||||||||||||||||||||||
Add: | ||||||||||||||||||||||||
Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees | 18,443 | 7,452 | (2,295 | ) | 25,859 | 33,790 | 2,936 | 1,510 | ||||||||||||||||
Fixed charges | 91,228 | 75,726 | 73,680 | 56,898 | 54,396 | 22,606 | 22,555 | |||||||||||||||||
Amortization of capitalized interest | 1,143 | 1,182 | 4,785 | 317 | 1,693 | 290 | 239 | |||||||||||||||||
Distributed income of equity investees | — | — | — | — | — | — | — | |||||||||||||||||
Your share of pretax losses of equity investees for which charges arising from guarantees are included in fixed charges | — | — | — | — | — | — | — | |||||||||||||||||
Subtract: | ||||||||||||||||||||||||
Interest capitalized | 911 | 548 | 4,200 | 3,300 | 820 | 213 | 98 | |||||||||||||||||
Preference security dividend requirements of consolidated subsidiaries | — | — | — | — | — | — | — | |||||||||||||||||
Minority interest in pretax income of subsidiaries that have not incurred fixed charges | — | — | — | — | — | — | — | |||||||||||||||||
Total Earnings | 109,903 | 83,812 | 71,970 | 79,774 | 89,059 | 25,619 | 24,206 | |||||||||||||||||
Ratio of Earnings to Fixed Charges | 1.20 | 1.11 | 0.98 | 1.40 | 1.64 | 1.13 | 1.07 | |||||||||||||||||
Calculation of Ratio of Earnings to Fixed Charges (Unaudited)