Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
The following table sets forth our ratio of earnings to fixed charges for the periods indicated.
| Year Ended December 31, | ||||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||
EARNINGS: | ||||||||||||||||||||
Income (loss) from continuing operations before provision (benefit) for incomes taxes | $ | 149,579 | $ | 25,056 | $ | 78,263 | $ | 139,608 | $ | 84,773 | ||||||||||
Share of distributed income of equity method investments (net of equity method income or loss) | 4,739 | 13,122 | 24,544 | 1,482 | 13,699 | |||||||||||||||
Fixed charges | 180,880 | 173,352 | 145,981 | 137,297 | 123,571 | |||||||||||||||
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Total earnings | $ | 335,198 | $ | 211,530 | $ | 248,788 | $ | 278,387 | $ | 222,043 | ||||||||||
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FIXED CHARGES: | ||||||||||||||||||||
Interest expense (1) | $ | 176,557 | $ | 168,798 | $ | 139,843 | $ | 131,192 | 117,367 | |||||||||||
Interest portion of rental expense | 4,323 | 4,554 | 6,138 | 6,105 | 6,204 | |||||||||||||||
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Total fixed charges | $ | 180,880 | $ | 173,352 | $ | 145,981 | $ | 137,297 | $ | 123,571 | ||||||||||
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Ratio of earnings to fixed charges | 1.9 | 1.2 | 1.7 | 2.0 | 1.8 | |||||||||||||||
| (1) | Amortization of debt issuance costs is included in interest expense. |