| (all numbers in thousands) | ||||||||||||||||||||||||||||
| Nine Months Ended September 30, | Year Ended December 31, | |||||||||||||||||||||||||||
| 2009 | 2008 | 2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||||||||
| Income (Loss) from Consolidated Companies before income tax | $ | (24,477 | ) | $ | (23,336 | ) | $ | (49,087 | ) | $ | 30,914 | $ | (13,297 | ) | $ | 108,140 | $ | 61,333 | ||||||||||
| Increases: | ||||||||||||||||||||||||||||
| Distributed Equity Income of Equity Investees | 20,750 | 72,530 | 72,530 | |||||||||||||||||||||||||
| Fixed Charges | 294 | 1,920 | 1,972 | 8,454 | 23,321 | 3,600 | 7,890 | |||||||||||||||||||||
| Subtractions: | ||||||||||||||||||||||||||||
| Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges | (6 | ) | — | — | — | — | — | — | ||||||||||||||||||||
| Total Earnings For Ratio | $ | (3,427 | ) | $ | 51,114 | $ | 25,415 | $ | 39,368 | $ | 10,024 | $ | 111,740 | $ | 69,223 | |||||||||||||
Ratio of Earnings to Fixed Charges (1)(2) | — | (3) | 26.6 | 12.9 | 4.7 | — | (4) | 31.0 | 8.8 | |||||||||||||||||||
| (1) | In calculating the ratio of earnings to fixed charges, “earnings” consist of pretax income (loss) before adjustment for noncontrolling interests in consolidated subsidiaries or income or loss from equity investees, plus fixed charges (excluding capitalized interest), plus distributed income of equity investees. “Fixed charges” represent interest incurred (whether expensed or capitalized), amortization of debt costs and an estimate of the interest within rental expense. | |
| (2) | For purposes of calculating the ratio of earnings to fixed charges, the amount included in the calculation for distributed income from equity investees is reflected in the period the related distribution was officially approved by the equity investee’s board of directors even when cash may have been received in the form of an advance from the equity investee in a previous period. | |
| (3) | At September 30, 2009, fixed charges exceeded earnings by less than $5,000. | |
| (4) | In 2006, fixed charges exceeded earnings by $13.3 million. |
