QuickLinks -- Click here to rapidly navigate through this document
Statement of Computation of Ratio of Earnings to Fixed Charges
| Years Ended December 31, | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||
| (in thousands, except ratio amounts) | |||||||||||||||
Pre-tax income (loss) from continuing operations | $ | 33,689 | $ | 24,953 | $ | (65,803 | ) | $ | (93,977 | ) | $ | (41,878 | ) | |||
Income from equity investees | (1,877 | ) | (1,169 | ) | (757 | ) | (386 | ) | (1,383 | ) | ||||||
Distributions received from equity investees | 4,800 | — | 960 | — | — | |||||||||||
Fixed charges | 79,161 | 75,471 | 106,603 | 96,350 | 94,309 | |||||||||||
Amortization of capitalized interest | — | — | — | — | — | |||||||||||
Capitalized interest | — | — | — | — | — | |||||||||||
Total earnings | $ | 115,773 | $ | 99,255 | $ | 41,003 | $ | 1,987 | $ | 51,048 | ||||||
Interest expense(1) | $ | 10,358 | $ | 9,005 | $ | 25,653 | $ | 15,440 | $ | 13,801 | ||||||
Estimated interest within rent expense(2) | 68,803 | 66,466 | 80,950 | 80,910 | 80,508 | |||||||||||
Capitalized interest | — | — | — | — | — | |||||||||||
Total fixed charges | $ | 79,161 | $ | 75,471 | $ | 106,603 | $ | 96,350 | $ | 94,309 | ||||||
Ratio of earnings to fixed charges | 1.46 | 1.32 | — | — | — | |||||||||||
Deficiency of earnings available to cover fixed charges | $ | N/A | $ | N/A | $ | (65,600 | ) | $ | (94,363 | ) | $ | (43,261 | ) | |||
- (1)
- Includes interest expense and amortization of premiums, discounts and capitalized expenses related to indebtedness.
- (2)
- Estimated interest within rent expense includes one-third of rental expense, which approximates the interest component of operating leases.
Statement of Computation of Ratio of Earnings to Fixed Charges