EX-12 2 d82589exv12.htm STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                                                 
    Six Months        
    Ended        
    June 30,     Years Ended December 31,  
    2011     2010     2009     2008     2007     2006  
(In thousands)
                                                
Earnings from continuing
operations before income taxes
   $ 112,833     $ 185,340     $ 140,390     $ 418,199     $ 249,997     $ 222,063  
Add:
                                                
Interest on indebtedness
     16,587       36,545       35,347       47,011       33,311       29,227  
Amortization of debt expense
     511       1,037       973       1,070       796       704  
Portion of rents representative
of the interest factor
     4,845       9,472       10,109       10,636       8,383       7,547  
Deduct:
                                                
Undistributed earnings from
less-than-50-percent-owned
entities
     (168 )     (352 )     (132 )     (66 )     427       (61 )
 
                                    
Earnings (as defined)
   $ 134,608     $ 232,042     $ 186,687     $ 476,850     $ 292,914     $ 259,480  
 
                                    
Fixed charges:
                                                
Interest on indebtedness
   $ 16,587     $ 36,545     $ 35,347     $ 47,011     $ 33,311     $ 29,227  
Amortization of debt expense
     511       1,037       973       1,070       796       704  
Portion of rents representative
of the interest factor
     4,845       9,472       10,109       10,636       8,383       7,547  
 
                                    
Total fixed charges
   $ 21,943     $ 47,054     $ 46,429     $ 58,717     $ 42,490     $ 37,478  
 
                                    
Ratio of earnings to fixed charges
     6.1 x     4.9 x     4.0 x     8.1 x     6.9 x     6.9 x