Exhibit 12
Ratio of Earnings to Fixed Charges
(In millions , except ratios)
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| Year Ended |
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| December |
| December |
| December |
| December |
| December |
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|
| 2004 |
| 2005 |
| 2006 |
| 2007 |
| 2008 |
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Earnings: |
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Income from continuing operations before income taxes per consolidated statement of operations |
| $ | 72.7 |
| $ | 85.8 |
| $ | 116.1 |
| $ | 113.8 |
| $ | 72.3 |
|
Add (less): |
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Minority interest |
| 1.2 |
| 0.3 |
| (1.8 | ) | (2.8 | ) | (1.9 | ) | |||||
Add: |
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Interest expense |
| 10.6 |
| 10.4 |
| 22.1 |
| 26.9 |
| 26.2 |
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Portion of rent representative of an interest factor |
| 1.2 |
| 1.3 |
| 2.2 |
| 2.8 |
| 3.3 |
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Adjusted income before income taxes |
| $ | 85.7 |
| $ | 97.8 |
| $ | 138.6 |
| $ | 140.7 |
| $ | 99.9 |
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Fixed Charges: |
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Interest expense |
| $ | 10.6 |
| $ | 10.4 |
| $ | 22.1 |
| $ | 26.9 |
| $ | 26.2 |
|
Portion of rent representative of an interest factor |
| 1.2 |
| 1.3 |
| 2.2 |
| 2.8 |
| 3.3 |
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|
| $ | 11.8 |
| $ | 11.7 |
| $ | 24.3 |
| $ | 29.7 |
| $ | 29.5 |
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Ratio of earnings to fixed charges |
| 7.3 |
| 8.4 |
| 5.7 |
| 4.7 |
| 3.4 |
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