IRON MOUNTAIN INCORPORATED
STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
| |
Year Ended December 31, |
Nine Months Ended September 30, |
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2002 |
2003 |
2004 |
2005 |
2006 |
2006 |
2007 |
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| Earnings: | ||||||||||||||||||||||||
| Income from Continuing Operations before Provision for Income Taxes and Minority Interest | $ | 114,519 | $ | 156,989 | $ | 166,735 | $ | 197,018 | $ | 224,218 | $ | 157,287 | $ | 173,155 | ||||||||||
| Add: Fixed Charges | 178,587 | 195,258 | 240,270 | 245,431 | 264,211 | 195,933 | 228,264 | |||||||||||||||||
| $ | 293,106 | $ | 352,247 | $ | 407,005 | $ | 442,449 | $ | 488,429 | $ | 353,220 | $ | 401,419 | |||||||||||
Fixed Charges: |
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| Interest Expense, Net | $ | 136,632 | $ | 150,468 | $ | 185,749 | $ | 183,584 | $ | 194,958 | $ | 144,294 | $ | 169,113 | ||||||||||
| Interest Portion of Rent Expense | 41,955 | 44,790 | 54,521 | 61,847 | 69,253 | 51,639 | 59,151 | |||||||||||||||||
| $ | 178,587 | $ | 195,258 | $ | 240,270 | $ | 245,431 | $ | 264,211 | $ | 195,933 | $ | 228,264 | |||||||||||
| Ratio of Earnings to Fixed Charges | 1.6 | x | 1.8 | x | 1.7 | x | 1.8 | x | 1.8 | x | 1.8 | x | 1.8 | x | ||||||||||