EX-12 3 exhibit_12.htm EXHIBIT 12 exhibit_12.htm
                             
Exhibit 12
  
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                          
                                 
     
Years Ended December 31,
  
     
2009
    
2008
    
2007
    
2006
    
2005
  
           
(Note 1)
    
(Note 1)
              
Earnings—
                              
Pre-tax income from continuing operations
   $ 48,222     $ 64,694     $ 85,390     $ 55,092     $ 43,621  
Add:
Allocated (gains) losses of equity investees
     —       —       —       —       —  
 
Fixed charges
     14,842       14,013       13,961       27,347       16,618  
 
Amortization of capitalized interest
     48       48       48       48       48  
Less:
Interest capitalized
     —       —       —       —       —  
   Earnings
   $ 63,112     $ 78,755     $ 99,399     $ 82,487     $ 60,287  
                                           
Fixed Charges—
                                        
 
Interest costs
   $ 9,039     $ 8,770     $ 8,810     $ 12,245     $ 11,715  
 
Debt extinguishment expense
     —       —       —       10,388       —  
 
Portion of rental expense representative of interest factor
     5,803       5,243       5,151       4,714       4,903  
   Fixed Charges
   $ 14,842     $ 14,013     $ 13,961     $ 27,347     $ 16,618  
                                           
   Ratio of Earnings to Fixed Charges
     4.3       5.6       7.1       3.0       3.6  
                                           
_______ ____________                                         
 
(1) As adjusted, to give effect to the required retrospective application of a new accounting standard pertaining to the company's convertible debt.