EX-12 2 g06075a1exv12.htm EX-12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges
 

Exhibit 12
                                                         
    Year Ended December 31,     Three Months Ended March 31,    
    2006     2005     2004     2003     2002     2007     2006    
Fixed Charges:
                                                        
Interest expense or capitalized
     14,394       19,463       19,723       19,037       18,739       4,825       4,300  
Estimate of interest within rental expense
     17,556       16,159       13,545       12,351       9,310       4,036       4,528  
 
                                                        
FIXED CHARGES
   $ 31,949     $ 35,622     $ 33,268     $ 31,388     $ 28,049     $ 8,861     $ 8,828  
 
                                                        
Earnings:
                                                        
Income (loss) from continuing operations
     38,915       18,604       (17,743 )     (20,791 )     (123,574 )     7,019     4,120
Minority interest
     2,294       1,714       333       —       —       617       (129 ) 
Equity pick-up
     (5,772 )     (285 )     —       —       —       (120 )      (356 ) 
Fixed charges
     31,949       35,622       33,268       31,388       28,049       8,861       8.828  
 
                                                        
EARNINGS (Loss)
   $ 67,387     $ 55,655     $ 15,858     $ 10,597     $ (95,525 )   $ 16,377   $ 12,463
 
                                                        
Ratio of Earnings to Fixed Charges
     2.1 x     1.6 x     0.5 x     0.3 x     (3.4 )x     1.8 x     1.4 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.