Exhibit 12
STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
The following table sets forth our ratio of earnings to fixed charges for the periods indicated:
| 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||
Earnings | ||||||||||||||||||||||||
Earnings before income taxes | 44,257 | 48,687 | 31,124 | 25,449 | 18,484 | 16,402 | ||||||||||||||||||
Fixed charges | 25,136 | 25,963 | 17,698 | 8,642 | 6,121 | 8,195 | ||||||||||||||||||
Less: Loss attributable to non-controlling interest | — | — | 32 | — | — | — | ||||||||||||||||||
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| 69,393 | 74,650 | 48,854 | 34,091 | 24,605 | 24,597 | |||||||||||||||||||
Fixed charges | ||||||||||||||||||||||||
Interest within rental expense | 3,816 | 3,597 | 3,059 | 1,539 | 1,316 | 1,206 | ||||||||||||||||||
Interest expense | 21,776 | 22,237 | 15,010 | 7,021 | 4,753 | 6,841 | ||||||||||||||||||
Less: Loss on early extinguishment of debt | — | — | (490 | ) | — | — | — | |||||||||||||||||
Interest on unrecognized tax benefits | (456 | ) | 129 | 119 | 82 | 52 | 148 | |||||||||||||||||
| 25,136 | 25,963 | 17,698 | 8,642 | 6,121 | 8,195 | |||||||||||||||||||
Ratio | 2.76 | 2.88 | 2.76 | 3.94 | 4.02 | 3.00 | ||||||||||||||||||
