EX-12 2 a06-9727_1ex12.htm EX-12

Exhibit 12

RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth the Company’s ratio of earnings to fixed charges for the years ended December 31 as indicated:

 

 

 

Three Months

 

Year Ended December 31,

 

 

 

Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

3/31/2006

 

2005

 

2004

 

2003

 

2002

 

2001

 

Ratio of earnings to fixed charges

 

11.31

 

9.00

 

8.83

 

7.81

 

5.05

 

1.60

 

 

For purposes of computing the ratio of earnings to fixed charges, earnings are defined as earnings before income taxes from continuing operations plus fixed charges. Fixed charges consist of interest expense (including capitalized interest) and the portion of rental expense that is representative of the interest factor.