Exhibit 12
2006 | 2005 | 2004 | 2003 | 2002 | ||||||||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense or capitalized | 14,394 | 19,463 | 19,723 | 19,037 | 18,739 | |||||||||||||||
Estimate of interest within rental expense | 17,556 | 16,159 | 13,545 | 12,351 | 9,310 | |||||||||||||||
FIXED CHARGES | $ | 31,949 | $ | 35,622 | $ | 33,268 | $ | 31,388 | $ | 28,049 | ||||||||||
Earnings: | ||||||||||||||||||||
Income (loss) from continuing operations | 38,915 | 18,604 | (17,743 | ) | (20,791 | ) | (123,574 | ) | ||||||||||||
Minority interest | 2,294 | 1,714 | 333 | — | — | |||||||||||||||
Equity pick-up | (5,772 | ) | (285 | ) | — | — | — | |||||||||||||
Fixed charges | 31,949 | 35,622 | 33,268 | 31,388 | 28,049 | |||||||||||||||
EARNINGS (Loss) | $ | 67,387 | $ | 55,655 | $ | 15,858 | $ | 10,597 | $ | (95,525 | ) | |||||||||
Ratio of Earnings to Fixed Charges | 2.1 | x | 1.6 | x | 0.5 | x | 0.3 | x | (3.4 | )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.