| Three | ||||||||||||||||||||||||
| Months | ||||||||||||||||||||||||
| Twelve Months Ended | Ended | |||||||||||||||||||||||
| December 31, | March 31, | |||||||||||||||||||||||
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | |||||||||||||||||||
Earnings: |
||||||||||||||||||||||||
Income from continuing operations
before income tax expense |
$ | 2,290 | $ | 13,792 | $ | 26,951 | $ | 29,123 | $ | 36,031 | $ | 22,024 | ||||||||||||
Fixed charges per below |
16,483 | 11,946 | 11,061 | 12,035 | 13,898 | 3,655 | ||||||||||||||||||
Total earnings |
$ | 18,773 | $ | 25,738 | $ | 38,012 | $ | 41,158 | $ | 49,929 | $ | 25,679 | ||||||||||||
Fixed Charges: |
||||||||||||||||||||||||
Interest expense |
$ | 6,795 | $ | 2,477 | $ | 1,055 | $ | 1,507 | $ | 3,109 | $ | 792 | ||||||||||||
Amortization of debt interest costs (1) |
635 | 642 | 355 | 355 | 233 | 55 | ||||||||||||||||||
Estimate of rental expense related to
interest factor (2) |
9,053 | 8,827 | 9,651 | 10,173 | 10,556 | 2,808 | ||||||||||||||||||
Total Fixed Charges |
$ | 16,483 | $ | 11,946 | $ | 11,061 | $ | 12,035 | $ | 13,898 | $ | 3,655 | ||||||||||||
Ratio of earnings to fixed charges |
1.1 | 2.2 | 3.4 | 3.4 | 3.6 | 7.0 | ||||||||||||||||||
| (1) | Excludes $0.5 million of accelerated amortization of deferred debt costs in connection with entering into a new credit facility during the year ended December 31, 2002. | |
| (2) | Fixed charges includes the estimated interest component of rent expense (one-third of rent expense under operating leases) from continuing operations. |