| Year Ended December 31 | ||||||||||||||||||||
| 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
| Earnings: | ||||||||||||||||||||
| Income (loss) from continuing operations before income taxes and equity in earnings (losses) of affiliates | $ | 186,038 | $ | 258,595 | $ | (120,193 | ) | $ | 977,333 | $ | 92,016 | |||||||||
Add: Fixed charges | 60,773 | 64,347 | 67,873 | 71,753 | 75,566 | |||||||||||||||
| Amortization of capitalized interest | 9 | – | – | – | – | |||||||||||||||
| Distributed income of equity-method investees | 397 | 922 | 421 | 3,853 | 14,876 | |||||||||||||||
Subtract: Interest capitalized | (281 | ) | (388 | ) | – | – | – | |||||||||||||
| Noncontrolling interest | (730 | ) | (1,423 | ) | (2,352 | ) | 956 | (787 | ) | |||||||||||
| Total earnings | $ | 246,206 | $ | 322,053 | $ | (54,251 | ) | $ | 1,053,895 | $ | 181,671 | |||||||||
| Fixed charges: | ||||||||||||||||||||
Interest expensed and capitalized (a) | $ | 33,740 | $ | 35,380 | $ | 33,673 | $ | 36,586 | $ | 36,066 | ||||||||||
Portion of rent expense representative of interest (b) | 27,033 | 28,967 | 34,200 | 35,167 | 39,500 | |||||||||||||||
| Total fixed charges | $ | 60,773 | $ | 64,347 | $ | 67,873 | $ | 71,753 | $ | 75,566 | ||||||||||
| Ratio of earnings to fixed charges | 4.1 | 5.0 | * | 14.7 | 2.4 | |||||||||||||||
| * | The ratio coverage in 2015 was less than 1:1. The Company would have needed to generate additional earnings of $122,124 thousand to achieve a coverage of 1:1 in 2015. |
| (a) | Interest expense includes amortization of debt discount and other debt costs. Interest expense does not include interest related to liabilities for uncertain tax positions of $427 thousand for 2017; $398 thousand for 2016; and $284 thousand for 2015. |
| (b) | Rent expense included in the computation consists of one-third of total Company rental expense, which the Company believes is a reasonable estimate of an interest factor in the Company’s leases. |
