Exhibit 12
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Year Ended December 31, | | | Three Months Ended March 31, | | |
| | 2006 | | | 2005 | | | 2004 | | | 2003 | | | 2002 | | | 2007 | | | 2006 | | |
Fixed Charges: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest expense or capitalized | | | 14,394 | | | | 19,463 | | | | 19,723 | | | | 19,037 | | | | 18,739 | | | | 4,825 | | | | 4,300 | |
Estimate of interest within rental expense | | | 17,556 | | | | 16,159 | | | | 13,545 | | | | 12,351 | | | | 9,310 | | | | 4,036 | | | | 4,528 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
FIXED CHARGES | | $ | 31,949 | | | $ | 35,622 | | | $ | 33,268 | | | $ | 31,388 | | | $ | 28,049 | | | $ | 8,861 | | | $ | 8,828 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Earnings: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Income (loss) from continuing operations | | | 38,915 | | | | 18,604 | | | | (17,743 | ) | | | (20,791 | ) | | | (123,574 | ) | | | 7,019 | | | | 4,120 | |
Minority interest | | | 2,294 | | | | 1,714 | | | | 333 | | | | — | | | | — | | | | 617 | | | | (129 | ) |
Equity pick-up | | | (5,772 | ) | | | (285 | ) | | | — | | | | — | | | | — | | | | (120 | ) | | | (356 | ) |
Fixed charges | | | 31,949 | | | | 35,622 | | | | 33,268 | | | | 31,388 | | | | 28,049 | | | | 8,861 | | | | 8.828 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
EARNINGS (Loss) | | $ | 67,387 | | | $ | 55,655 | | | $ | 15,858 | | | $ | 10,597 | | | $ | (95,525 | ) | | $ | 16,377 | | | $ | 12,463 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ratio of Earnings to Fixed Charges | | | 2.1 | x | | | 1.6 | x | | | 0.5 | x | | | 0.3 | x | | | (3.4 | )x | | | 1.8 | x | | | 1.4 | x |
For the years ended December 31, 2004, 2003 and 2002, we had an earnings-to-fixed charges coverage deficiency of approximately $17.4 million, $20.8 million and $123.6 million, respectively.