| (In thousands, except for ratio) | Six Months Ended June 30 | Year ended December 31 | ||||||||||||||||||||||||||
| 2010 | 2009 | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||||
Computation of
earnings
|
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Pretax income (a) |
$ | 45,831 | $ | 34,567 | $ | 44,033 | $ | 42,530 | $ | 72,642 | $ | 46,279 | $ | 36,991 | ||||||||||||||
Add: |
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Interest expense on indebtedness |
9,298 | 10,851 | 20,688 | 31,239 | 19,048 | 16,299 | 12,079 | |||||||||||||||||||||
Amortization of debt
issue costs |
1,097 | 781 | 1,866 | 1,215 | 82 | 122 | 219 | |||||||||||||||||||||
Interest portion of
rent expense (b) |
4,541 | 5,178 | 9,976 | 9,657 | 8,636 | 7,528 | 6,819 | |||||||||||||||||||||
Distributed income
of equity investees |
5,833 | 369 | 2,358 | 23,308 | 8,281 | 3,850 | 1,866 | |||||||||||||||||||||
Earnings |
$ | 66,600 | $ | 51,746 | $ | 78,921 | $ | 107,949 | $ | 108,689 | $ | 74,078 | $ | 57,974 | ||||||||||||||
Computation of fixed
charges |
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Interest expense on
indebtedness |
$ | 9,298 | $ | 10,851 | $ | 20,688 | $ | 31,239 | $ | 19,048 | $ | 16,299 | $ | 12,079 | ||||||||||||||
Amortization of debt
issue costs |
$ | 1,097 | $ | 781 | $ | 1,866 | $ | 1,215 | $ | 82 | $ | 122 | $ | 219 | ||||||||||||||
Interest portion of
rent expense (b) |
4,541 | 5,178 | 9,976 | 9,657 | 8,636 | 7,528 | 6,819 | |||||||||||||||||||||
fixed charges |
$ | 14,936 | $ | 16,810 | $ | 32,530 | $ | 42,111 | $ | 27,766 | $ | 23,949 | $ | 19,117 | ||||||||||||||
Ratio of earnings to
fixed charges |
4.46 | 3.08 | 2.43 | 2.56 | 3.91 | 3.09 | 3.03 | |||||||||||||||||||||
| (a) | Pretax income as presented is income from continuing operations before adjustment for income or loss from equity investees. | |
| (b) | The portion of rent expense on operating leases included in the calculation of the fixed charges ratio above is a reasonable approximation of the interest factor on those agreements. |