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Ratio of Earnings to Fixed Charges
(Unaudited)
| For the Year Ended December 31, | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$s in thousands | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||
Earnings (as defined): | ||||||||||||||||
Earnings before income taxes | $ | 55,301 | $ | 46,855 | $ | 61,050 | $ | 50,147 | $ | 41,718 | ||||||
Fixed charges | 17,517 | 23,556 | 10,732 | 856 | 900 | |||||||||||
| | | | | | | | | | | | | | | | |
Earnings | $ | 72,818 | $ | 70,411 | $ | 71,782 | $ | 51,003 | $ | 42,618 | ||||||
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Fixed charges (as defined): | ||||||||||||||||
Interest expense | $ | 17,317 | $ | 23,370 | $ | 10,677 | $ | 828 | $ | 878 | ||||||
Estimated interest within rental expense | 200 | 186 | 55 | 28 | 22 | |||||||||||
| | | | | | | | | | | | | | | | |
Fixed charges | $ | 17,517 | $ | 23,556 | $ | 10,732 | $ | 856 | $ | 900 | ||||||
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Ratio of earnings to fixed charges | 4.2 | 3.0 | 6.7 | 59.6 | 47.3 | |||||||||||
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Ratio of Earnings to Fixed Charges (Unaudited)