Form: S-3ASR

Automatic shelf registration statement of securities of well-known seasoned issuers

August 22, 2006

Documents

 

EXHIBIT 12.1
Computation of Ratio of Earnings to Fixed Charges
(Amounts in 000s, except ratios)
                                                         
                                                    Six
            Year Ended December 31,   Months Ended
            2001   2002   2003   2004   2005   June 30, 2006
                     
Earnings  
 
                                                
       
Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees
     156,966       (193,844 )     (53,069 )     (12,645 )     52,247       43,151  
                     
       
 
                                                
Fixed Charges  
 
                                                
       
Interest expense and amortization of debt issuance costs on all indebtedness (b)
     36,072       35,866       31,822       25,067       23,949       15,678  
       
Appropriate portion (1/3) of rent expense relating to interest
     7,953       10,329       15,990       17,094       21,285       11,385  
                     
       
Fixed Charges
     44,025       46,195       47,812       42,161       45,234       27,063  
                     
       
 
                                                
       
Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees plus Fixed Charges
     200,991       (147,649 )     (5,257 )     29,516       97,481       70,214  
                     
       
 
                                                
       
Ratio of Earnings to Fixed Charges
     4.6       (a )     (a )     (a )     2.2       2.6  
 
(a)   Due to the losses for the years ended December 31, 2002, 2003 and 2004, the ratio of earnings to fixed charges for such periods was less than 1:1. In order to achieve a coverage ratio of 1:1, we needed additional earnings of $193.8 million for the year ended December 31, 2002, $53.1 million for the year ended December 31, 2003, and $12.6 million for the year ended December 31, 2004.
 
(b)   No interest was capitalized for any period.