EX-12 5 w47889exv12.htm EX-12 exv12
 

Exhibit 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

                                                     
                Years Ended December 31,
                 
                2007   2006   2005   2004   2003
                                 
                        (As adjusted)   (As adjusted)   (As adjusted)   (As adjusted)
Earnings—
                                                
Pre-tax income from continuing operations(1)
           $ 94,743     $ 59,361     $ 46,092     $ 43,289     $ 19,658  
Add: Allocated (gains) losses of equity investees
             —       —       —       —       (40,586 )
 
Fixed charges
             9,836       27,374       16,649       18,449       62,324  
 
Amortization of capitalized interest
             —       48       48       180       180  
Less: Interest capitalized
             —       —       —       —       —  
 
 
                                      
Earnings
           $ 104,579     $ 86,783     $ 62,789     $ 61,918     $ 41,576  
 
 
                                      
Fixed Charges—
                                                
 
Interest costs
           $ 4,685     $ 12,272     $ 11,746     $ 11,386     $ 18,683  
 
Debt extinguishment expense
             —       10,388       —       2,099       38,836  
 
Portion of rental expense representative of interest factor
             5,151       4,714       4,903       4,964       4,805  
 
 
                                      
Fixed Charges
           $ 9,836     $ 27,374     $ 16,649     $ 18,449     $ 62,324  
 
 
                                      
Ratio of Earnings to Fixed Charges
             10.6       3.2       3.8       3.4       0.7  

(1)   Years 2006 and prior have been adjusted to give effect to the retrospective application of a new accounting standard required to be adopted January 1, 2007, as further discussed in Note 2 to the accompanying consolidated financial statements.