| Year Ended | ||||||||||||||||||||
| December 31, | ||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | ||||||||||||||||
Computation of Earnings: |
||||||||||||||||||||
Pretax income (loss) from continuing operations before
equity income (loss) |
$ | (16,227 | ) | $ | 15,172 | $ | 203,344 | $ | (24,897 | ) | $ | 146,508 | ||||||||
Add: |
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Fixed charges |
125,121 | 156,991 | 208,723 | 182,185 | 173,739 | |||||||||||||||
Amortization of capitalized interest |
470 | 472 | 474 | 489 | 496 | |||||||||||||||
Distributed income (loss) of equity investees |
227 | (1,646 | ) | (2,462 | ) | (2,373 | ) | (907 | ) | |||||||||||
Pretax losses of equity investees for which charges
arising from guarantees are included in fixed charges |
— | — | — | — | — | |||||||||||||||
Less: |
||||||||||||||||||||
Capitalized interest |
(74 | ) | (86 | ) | (618 | ) | (270 | ) | — | |||||||||||
Preference security dividend requirements of cons subs |
— | — | — | — | — | |||||||||||||||
TOTAL EARNINGS |
$ | 109,517 | $ | 170,903 | $ | 409,461 | $ | 155,134 | $ | 319,836 | ||||||||||
Computation of Fixed Charges: |
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Interest expense |
$ | 81,342 | $ | 105,986 | $ | 140,869 | $ | 111,362 | $ | 97,730 | ||||||||||
Capitalized interest |
74 | 86 | 618 | 270 | — | |||||||||||||||
Amortization of debt issue costs |
2,740 | 3,342 | 4,727 | 4,696 | 4,775 | |||||||||||||||
Interest factor on rent expense |
40,965 | 47,577 | 62,509 | 65,857 | 71,234 | |||||||||||||||
TOTAL FIXED CHARGES |
$ | 125,121 | $ | 156,991 | $ | 208,723 | $ | 182,185 | $ | 173,739 | ||||||||||
RATIO OF EARNINGS
TO FIXED CHARGES (1) |
— | 1.09 | x | 1.96 | x | — | 1.84 | x | ||||||||||||
| (1) | For the purposes of calculating the ratio of earnings to fixed charges, earnings consist of income (loss) from continuing operations before taxes plus fixed charges excluding capitalized interest. Fixed charges consist of interest expense, capitalized interest, amortization of debt issue cost and that portion of rental expense which we believe to be representative of the interest factor. For the years ended December 31, 2005 and 2008, earnings were insufficient to cover fixed charges by $15.6 million and $27.1 million, respectively. |