| Six Months Ended | ||||||||||||||||||||||||||||
| Year Ended December 31, | June 30, | |||||||||||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | 2006 | 2007 | ||||||||||||||||||||||
| Pretax income from continuing operations before equity in earnings/(loss) of affiliate | $ | 17,140 | $ | 16,446 | $ | 36,936 | $ | 54,656 | $ | 90,284 | $ | 41,893 | $ | 41,755 | ||||||||||||||
| Additions: | ||||||||||||||||||||||||||||
| Fixed charges | 5,621 | 4,800 | 25,267 | 26,767 | 23,625 | 12,786 | 10,430 | |||||||||||||||||||||
| Amortization of capitalized interest | — | — | 1 | 2 | — | — | — | |||||||||||||||||||||
| Deductions: | ||||||||||||||||||||||||||||
| Capitalized interest | — | — | (72 | ) | (380 | ) | (751 | ) | (325 | ) | (463 | ) | ||||||||||||||||
| Adjusted earnings | $ | 22,761 | $ | 21,246 | $ | 62,132 | $ | 81,045 | $ | 113,158 | $ | 54,354 | $ | 51,722 | ||||||||||||||
| Fixed charges: | ||||||||||||||||||||||||||||
| Interest expense | $ | 4,007 | $ | 3,211 | $ | 21,167 | $ | 21,264 | $ | 17,468 | $ | 9,645 | $ | 7,142 | ||||||||||||||
| Capitalized interest | — | — | 72 | 380 | 751 | 325 | 463 | |||||||||||||||||||||
| Interest component of rent expense | 1,614 | 1,589 | 4,028 | 5,123 | 5,406 | 2,816 | 2,825 | |||||||||||||||||||||
| Total Fixed Charges | $ | 5,621 | $ | 4,800 | $ | 25,267 | $ | 26,767 | $ | 23,625 | $ | 12,786 | $ | 10,430 | ||||||||||||||
| Ratio of Earnings to Fixed Charges (a) | 4.0 | 4.4 | 2.5 | 3.0 | 4.8 | 4.3 | 5.0 | |||||||||||||||||||||
| (a) | For purposes of computing the above ratios: (1) earnings consist of pretax income from continuing operations before the equity method earnings or losses plus fixed charges and amortization of capitalized interest minus interest capitalized; and (2) fixed charges consist of interest on debt expensed and capitalized, amortization of deferred debt issuance costs, and that portion of rental expense representative of interest. | |
66
