EX-12 4 v056687_ex12.htm
Exhibit 12
 
Statement of Computation of Ratio of Earnings to Fixed Charges

 
Nine Months Ended
September 30,
  
 
  
2006
  
2005
  
 
  
(000’s)
  
(000’s)
  
Earnings:
  
 
  
 
  
Loss from continuing operations
  
$
(8,356
)
$
(4,793
)
Additions:
              
Income taxes (recovery)
    
(1,711
)
  
(1,676
)
Minority interest in earnings of consolidated subsidiaries
    
9,965
    
14,374
  
Fixed charges, as shown below
    
12,151
    
8,574
  
Distributions received from equity-method investees
    
499
    
1,381
  
 
    
20,904
    
22,653
  
Subtractions:
              
Equity in income of investees
    
630
    
624
  
Minority interest in earnings of consolidated subsidiaries that have not incurred fixed charges
    
—
    
—
  
 
    
630
    
624
  
Earnings as adjusted
    
11,918
    
17,236
  
Fixed charges:
              
Interest on indebtedness, expensed or capitalized
    
6,536
    
4,015
  
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized
    
1,598
    
911
  
Interest within rent expense
    
4,017
    
3,648
  
Total fixed charges
  
$
12,151
  
$
8,574
  
Ratio of earnings to fixed charges
    
N/A
    
2.01
  
Dollar amount deficiency
  
$
233
  
$
N/A