| Nine months ended September 30, 2001 |
Year ended December 31, | ||||||||||||||
| 2000 |
1999 |
1998 |
1997 |
1996 | |||||||||||
| (dollars in thousands) | |||||||||||||||
| Income (loss) before income taxes, extraordinary items and cumulative effect of a change in accounting principle |
$183,480 |
$ 44,935 |
$(181,826 |
) |
$ 48,641 |
$ 81,178 |
$54,563 | ||||||||
| |
|
|
|
|
| ||||||||||
| Fixed charges: |
|
||||||||||||||
| Interest expense and
amortization of debt issuance costs and discounts on all indebtedness |
56,758 |
116,637 |
110,797 |
84,003 |
29,082 |
13,670 | |||||||||
| Interest portion of rental
expense |
13,399 |
17,140 |
17,501 |
12,992 |
8,196 |
5,301 | |||||||||
| |
|
|
|
|
| ||||||||||
| Total
fixed charges |
70,157 |
133,777 |
128,298 |
96,995 |
37,278 |
18,971 | |||||||||
| |
|
|
|
|
| ||||||||||
| Earnings (loss) before income taxes, extraordinary items, cumulative effect of a change in accounting principle and fixed charges |
$253,637 |
$178,712 |
$ (53,528 |
) |
$145,636 |
$118,456 |
$73,534 | ||||||||
| |
|
|
|
|
| ||||||||||
| Ratio of earnings to fixed charges |
3.62 |
1.34 |
|
(a) |
1.50 |
3.18 |
3.88 | ||||||||
| |
|
|
|
|
| ||||||||||
(a) |
Due to the Companys loss in 1999, the ratio coverage was less than 1:1. The Company would have had to generate additional earnings of $181,826 to achieve a coverage of
1:1. |