EX-12 7 a2191726zex-12.htm EXHIBIT 12

Exhibit 12

 

Ratio of Earnings to Fixed Charges

(In millions , except ratios)

 

 

 

Year Ended

 

 

 

December

 

December

 

December

 

December

 

December

 

 

 

2004

 

2005

 

2006

 

2007

 

2008

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income taxes per consolidated statement of operations

 

$

72.7

 

$

85.8

 

$

116.1

 

$

113.8

 

$

72.3

 

Add (less):

 

 

 

 

 

 

 

 

 

 

 

Minority interest

 

1.2

 

0.3

 

(1.8

)

(2.8

)

(1.9

)

Add:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

10.6

 

10.4

 

22.1

 

26.9

 

26.2

 

Portion of rent representative of an interest factor

 

1.2

 

1.3

 

2.2

 

2.8

 

3.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted income before income taxes

 

$

85.7

 

$

97.8

 

$

138.6

 

$

140.7

 

$

99.9

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

10.6

 

$

10.4

 

$

22.1

 

$

26.9

 

$

26.2

 

Portion of rent representative of an interest factor

 

1.2

 

1.3

 

2.2

 

2.8

 

3.3

 

 

 

$

11.8

 

$

11.7

 

$

24.3

 

$

29.7

 

$

29.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

7.3

 

8.4

 

5.7

 

4.7

 

3.4