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S-3/A Filing
Global Partners (GLP) S-3/AShelf registration (amended)
Filed: 18 May 10, 12:00am
Global Partners LP(a)
Ratio of Earnings to Fixed Charges
(Dollars in Thousands)
| | Year Ended December 31, | | | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Three Months Ended March 31, 2010 | October 4 through December 31, 2005 | January 1 through October 3, 2005 | |||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
Income before income taxes | $ | 15,415 | $ | 35,563 | $ | 22,207 | $ | 48,204 | $ | 35,127 | $ | 10,394 | $ | 8,693 | ||||||||
Interest expense and amortized fees | 4,451 | 16,358 | 21,736 | 17,872 | 12,305 | 3,078 | 7,495 | |||||||||||||||
Interest portion of rental expense | 136 | 530 | 840 | 1,320 | 1,093 | 233 | 603 | |||||||||||||||
Earnings | $ | 20,002 | $ | 52,451 | $ | 44,783 | $ | 67,396 | $ | 48,525 | $ | 13,705 | $ | 16,791 | ||||||||
Interest expense and amortized fees | $ | 4,451 | $ | 16,358 | $ | 21,736 | $ | 17,872 | $ | 12,305 | $ | 3,078 | $ | 7,495 | ||||||||
Interest portion of rental expense | 136 | 530 | 840 | 1,320 | 1,093 | 233 | 603 | |||||||||||||||
Fixed charges | $ | 4,587 | $ | 16,888 | $ | 22,576 | $ | 19,192 | $ | 13,398 | $ | 3,311 | $ | 8,098 | ||||||||
Ratio of earnings to fixed charges(b) | 4.36 | 3.11 | 1.98 | 3.51 | 3.62 | 4.14 | 2.07 | |||||||||||||||