EX-12 3 g06075exv12.htm EX-12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Ex-12 Computation of Ratio of Earnings to Fixed Ch
 

Exhibit 12
                                         
    2006     2005     2004     2003     2002  
Fixed Charges:
                                        
Interest expense or capitalized
     14,394       19,463       19,723       19,037       18,739  
Estimate of interest within rental expense
     17,556       16,159       13,545       12,351       9,310  
 
                                        
FIXED CHARGES
   $ 31,949     $ 35,622     $ 33,268     $ 31,388     $ 28,049  
 
                                        
Earnings:
                                        
Income (loss) from continuing operations
     38,915       18,604       (17,743 )     (20,791 )     (123,574 )
Minority interest
     2,294       1,714       333       —       —  
Equity pick-up
     (5,772 )     (285 )     —       —       —  
Fixed charges
     31,949       35,622       33,268       31,388       28,049  
 
                                        
EARNINGS (Loss)
   $ 67,387     $ 55,655     $ 15,858     $ 10,597     $ (95,525 )
 
                                        
Ratio of Earnings to Fixed Charges
     2.1 x     1.6 x     0.5 x     0.3 x     (3.4 )x
For the years ended December 31, 2004, 2003 and 2002, we had an earnings-to-fixed charges coverage deficiency of approximately $17.4 million, $20.8 million and $123.6 million, respectively.