EX-12 3 v121249_ex12.htm
Exhibit 12
 
Statement of Computation of Ratio of Earnings to Fixed Charges
 
 
Six Months Ended 
June 30,
  
   
  
  2008  
  
  2007  
  
   
  
  (000’s)  
  
  (000’s)  
  
Earnings:  
          
Loss from continuing operations
  
$
(4,024
)
$
(5,895
)
Additions:  
          
Income tax expense (recovery)  
    
3,118
   
(948
)
Minority interest in income of consolidated subsidiaries  
    
4,976
   
9,710
  
Fixed charges, as shown below  
    
10,408
   
8,928
  
Distributions received from equity-method investees  
    
68
   
—
  
   
    
18,570
   
17,690
  
Subtractions:  
          
Equity in income of investees  
    
221
   
11
  
Minority interest in earnings of consolidated subsidiaries that have not incurred fixed charges  
    
—
   
—
  
   
    
221
   
11
  
   
          
Earnings as adjusted  
  
$
14,325
 
$
11,784
  
Fixed charges:  
          
Interest on indebtedness, expensed or capitalized  
    
6,844
   
4,580
  
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized  
    
688
   
1,659
  
Interest within rent expense  
    
2,876
   
2,689
  
Total fixed charges  
  
$
10,408
 
$
8,928
  
Ratio of earnings to fixed charges  
    
1.38
   
1.32