Exhibit 12
Ratio of Earnings to Fixed Charges
(In millions , except ratios)
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Year Ended |
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December |
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December |
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December |
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December |
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December |
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2004 |
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2005 |
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2006 |
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2007 |
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2008 |
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Earnings: |
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Income from continuing operations before income taxes per consolidated statement of operations |
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$ |
72.7 |
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$ |
85.8 |
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$ |
116.1 |
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$ |
113.8 |
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$ |
72.3 |
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Add (less): |
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Minority interest |
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1.2 |
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0.3 |
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(1.8 |
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(2.8 |
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(1.9 |
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Add: |
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Interest expense |
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10.6 |
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10.4 |
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22.1 |
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26.9 |
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26.2 |
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Portion of rent representative of an interest factor |
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1.2 |
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1.3 |
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2.2 |
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2.8 |
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3.3 |
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Adjusted income before income taxes |
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$ |
85.7 |
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$ |
97.8 |
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$ |
138.6 |
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$ |
140.7 |
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$ |
99.9 |
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Fixed Charges: |
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Interest expense |
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$ |
10.6 |
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$ |
10.4 |
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$ |
22.1 |
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$ |
26.9 |
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$ |
26.2 |
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Portion of rent representative of an interest factor |
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1.2 |
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1.3 |
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2.2 |
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2.8 |
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3.3 |
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$ |
11.8 |
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$ |
11.7 |
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$ |
24.3 |
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$ |
29.7 |
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$ |
29.5 |
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Ratio of earnings to fixed charges |
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7.3 |
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8.4 |
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5.7 |
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4.7 |
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3.4 |
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