Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
Dollars in Thousands
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
Earnings available for fixed charges: | ||||||||||||||||||||
Pre-tax income from continuing operations | $ | 6,113 | $ | 9,680 | $ | 22,428 | $ | 63,261 | $ | 64,037 | ||||||||||
Fixed Charges | 12,921 | 5,173 | 4,828 | 5,126 | 5,796 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Earnings available for fixed charges | $ | 19,034 | $ | 14,853 | $ | 27,256 | $ | 68,387 | $ | 69,833 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 10,777 | $ | 3,310 | $ | 2,844 | $ | 2,652 | $ | 3,161 | ||||||||||
Interest portion of rental expense | 2,144 | 1,863 | 1,984 | 2,474 | 2,635 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Fixed Charges | $ | 12,921 | $ | 5,173 | $ | 4,828 | $ | 5,126 | $ | 5,796 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Ratio of Earnings to Fixed Charges | 1.5 | 2.9 | 5.6 | 13.3 | 12.0 |