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- S-4 Registration of securities issued in business combination transactions
- 3.2 EX-3.2
- 3.3 EX-3.3
- 3.4 EX-3.4
- 3.5 EX-3.5
- 3.6 EX-3.6
- 3.7 EX-3.7
- 3.8 EX-3.8
- 3.9 EX-3.9
- 3.10 EX-3.10
- 3.12 EX-3.12
- 3.13 EX-3.13
- 3.14 EX-3.14
- 3.15 EX-3.15
- 3.16 EX-3.16
- 3.17 EX-3.17
- 3.18 EX-3.18
- 3.19 EX-3.19
- 3.20 EX-3.20
- 12.1 EX-12.1
- 21.1 EX-21.1
- 23.1 EX-23.1
- 23.2 EX-23.2
- 25.1 EX-25.1
- 23 Apr 10 Registration of securities issued in business combination transactions (amended)
- 15 Mar 10 Registration of securities issued in business combination transactions
- 17 Sep 09 Registration of securities issued in business combination transactions (amended)
- 11 Aug 09 Registration of securities issued in business combination transactions
- 21 Jul 05 Registration of securities issued in business combination transactions (amended)
- 20 Jul 05 Registration of securities issued in business combination transactions (amended)
- 14 Jun 05 Registration of securities issued in business combination transactions (amended)
Exhibit 12.1
Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
|
| Year Ended |
| Six Months Ended |
| ||||||||
|
| 2004 |
| 2005 |
| 2006 |
| 2007 |
| 2008 |
| 2009 |
|
|
| (dollars in thousands) |
| ||||||||||
Income before income tax expense |
| 99,529 |
| 95,300 |
| 73,955 |
| 38,701 |
| (54,063 | ) | 4,274 |
|
Equity in losses of equity-method investees |
| 615 |
| 42 |
| (1,721 | ) | (1,042 | ) | (448 | ) | 19 |
|
Net income before equity in losses of equity-method investees |
| 100,144 |
| 95,342 |
| 72,234 |
| 37,659 |
| (54,511 | ) | 4,293 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Add fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense including amortization of debt issuance costs |
| 31,184 |
| 37,272 |
| 54,843 |
| 70,772 |
| 78,071 |
| 40,204 |
|
Estimate of interest within rental expense |
| 5,116 |
| 4,208 |
| 4,755 |
| 4,699 |
| 6,885 |
| 3,157 |
|
|
| 36,300 |
| 41,480 |
| 59,598 |
| 75,471 |
| 84,956 |
| 43,361 |
|
Adjusted earnings |
| 136,444 |
| 136,822 |
| 131,832 |
| 113,130 |
| 30,445 |
| 47,654 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to fixed charges (1) |
| 3.8 | x | 3.3 | x | 2.2 | x | 1.5 | x | 0.4 | x | 1.1 | x |
(1) The ratio of earnings to fixed charges is computed by dividing adjusted earnings by fixed charges.