EX-12 4 a06-9593_1ex12.htm EX-12

Exhibit 12

Statement of Computation of Ratio of Earnings to Fixed Charges

 

 

Quarter Ended
March 31,

 

Year Ended
December 31,

 

 

 

2006

 

2005

 

2005

 

Earnings:

 

 

 

 

 

 

 

Loss from continuing operations

 

$

(5,132

)

$

(3,712

)

$

(8,522

)

Additions:

 

 

 

 

 

 

 

Income taxes (recovery)

 

(497

)

(911

)

2,157

 

Minority interest in earnings of consolidated subsidiaries

 

4,751

 

2,809

 

21,192

 

Fixed charges, as shown below

 

4,672

 

2,632

 

14,706

 

Dividends received from equity-method investees

 

460

 

457

 

1,796

 

 

 

9,386

 

4,987

 

39,851

 

Subtractions:

 

 

 

 

 

 

 

Equity in income of investees

 

274

 

183

 

1,402

 

Minority interest in earnings of consolidated subsidiaries that have not incurred fixed charges

 

—

 

—

 

—

 

 

 

274

 

183

 

1,402

 

Earnings as adjusted

 

3,980

 

1,092

 

$

29,927

 

Fixed charges:

 

 

 

 

 

 

 

Interest on indebtedness, expensed or capitalized

 

2,872

 

1,120

 

$

7,955

 

Amortization of debt discount and expense and premium on indebtness, expensed or capitalized

 

411

 

216

 

1,305

 

Interest within rent expense

 

1,389

 

1,296

 

5,446

 

Total fixed charges

 

$

4,672

 

$

2,632

 

$

14,706

 

Ratio of earnings to fixed charges

 

N/A

 

N/A

 

2.04

 

Dollar amount deficiency

 

$

692

 

$

1,540

 

N/A