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EQUINOX HOLDINGS, INC.
Computation of Earnings to Fixed Charges
All Figures in Thousands, Except Ratios
| Year ended December 31, | Three Months Ended March 31, | Twelve Months Ended March 31, | |||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1999 | 2000 | 2001 | 2002 | 2003 | 2003 | 2004 | 2004 | ||||||||||||||||||
Earnings Available for Fixed Charges | ||||||||||||||||||||||||||
Income (loss) before income taxes | $ | 7,818 | $ | 3,001 | $ | 5,007 | $ | 5,961 | $ | (13,454 | ) | $ | (527 | ) | $ | (1,013 | ) | $ | (13,940 | ) | ||||||
Add: Fixed Charges before Preferred Dividends | 1,916 | 4,611 | 15,746 | 15,675 | 37,865 | 5,009 | 5,034 | 37,889 | ||||||||||||||||||
Total | $ | 9,734 | $ | 7,612 | $ | 20,753 | $ | 21,636 | $ | 24,411 | $ | 4,482 | $ | 4,021 | $ | 23,949 | ||||||||||
Fixed Charges | ||||||||||||||||||||||||||
Interest Expense | $ | 888 | $ | 2,420 | $ | 13,298 | $ | 12,708 | $ | 33,693 | $ | 3,941 | $ | 3,791 | $ | 33,543 | ||||||||||
Rental and Occupancy Expense | 1,028 | 2,191 | 2,448 | 2,967 | 4,172 | 1,068 | 1,243 | 4,346 | ||||||||||||||||||
Total Fixed Charges Before Preferred Dividends | $ | 1,916 | $ | 4,611 | $ | 15,746 | $ | 15,675 | $ | 37,865 | $ | 5,009 | $ | 5,034 | $ | 37,889 | ||||||||||
Preferred Dividends | — | — | 157 | 335 | 82 | — | — | — | ||||||||||||||||||
Total Fixed Charges | $ | 1,916 | $ | 4,611 | $ | 15,903 | $ | 16,010 | $ | 37,947 | $ | 5,009 | $ | 5,034 | $ | 37,889 | ||||||||||
Coverage (deficit) Earnings to Fixed Charges | 5.08 | 1.65 | 1.30 | 1.35 | $ | (13,536 | ) | $ | (527 | ) | $ | (1,013 | ) | $ | (13,940 | ) | ||||||||||
EQUINOX HOLDINGS, INC. Computation of Earnings to Fixed Charges All Figures in Thousands, Except Ratios