Period Ending
31-Mar-00 |
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(in thousands
except ratios) |
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Earnings available for fixed charges: | |||
Earnings from continuing operations before income taxes | $ 75,937 | ||
Less: Equity earnings of minority-owned companies | (1,440 | ) | |
Add: Dividends received from investees under the equity method | 30 | ||
Add: Minority interest expense in majority-owned subsidiaries | 57 | ||
Add: Fixed charges before capitalized interest | 26,543 | ||
Add: Amortization of capitalized interest | 2,022 | ||
Total earnings available for fixed charges | $103,149 | ||
Fixed charges: | |||
Interest expense | $ 22,141 | ||
Interest portion of rental expense | 4,240 | ||
Amortization of discount and capitalized expenses related to indebtedness | 162 | ||
Total fixed charges before capitalized interest | 26,543 | ||
Capitalized interest | 1,500 | ||
Total fixed charges | $ 28,043 | ||
Ratio of earnings to fixed charges | 3.68 | ||