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| | As of and for Year Ended December 31, | As of and for the Six Months Ended June 30, | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 2001 | 2002 | 2003 | 2004 | 2005 | 2005 | 2006 | ||||||||||||||||
| | (in thousands) | (in thousands) | |||||||||||||||||||||
| Earnings: | |||||||||||||||||||||||
| Pre-tax income (loss) before equity in investments and minority interest | $ | (45 | ) | $ | 2,721 | $ | 22 | $ | 3,989 | $ | (3,456 | ) | $ | 2,119 | $ | (7,591 | ) | ||||||
| Add: Fixed charges | 4,831 | 18,943 | 20,868 | 20,890 | 23,858 | 11,546 | 18,715 | ||||||||||||||||
| Add: Amortization of capitalized interest | 59 | 59 | 62 | 65 | 67 | 4 | 4 | ||||||||||||||||
| Add: Distributions from equity investees | 6,208 | 126 | |||||||||||||||||||||
| Less: Interest capitalized | (140 | ) | (110 | ) | (106 | ) | (4 | ) | — | ||||||||||||||
| Total Earnings | $ | 11,053 | $ | 21,849 | $ | 20,812 | $ | 24,834 | $ | 20,363 | $ | 13,665 | $ | 11,128 | |||||||||
| Fixed Charges: | |||||||||||||||||||||||
| Interest expense | $ | 4,230 | $ | 18,489 | $ | 20,135 | $ | 20,074 | $ | 22,833 | $ | 11,112 | $ | 18,180 | |||||||||
| Interest capitalized | 140 | 110 | 106 | 4 | — | ||||||||||||||||||
| Amortization of capitalized expenses related to indebtedness | 4 | ||||||||||||||||||||||
| Estimated interest on rental expense | 597 | 454 | 593 | 706 | 919 | 430 | 535 | ||||||||||||||||
| Total Fixed Charges | $ | 4,831 | $ | 18,943 | $ | 20,868 | $ | 20,890 | $ | 23,858 | $ | 11,546 | $ | 18,715 | |||||||||
| Ratio of Earnings to Fixed Charges(1) | 2.29x | 1.15x | 1.00x | 1.19x | 0.85x | 1.18x | 0.59x | ||||||||||||||||
- (1)
- At December 31, 2005 and June 30, 2006, the Company had a deficiency of $3,495 and $7,587, respectively, in earnings to fixed charges.