| Six months | ||||||||||||||||||||||||
| ended June 30, | Year ended December 31, | |||||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
| (dollars in thousands) | ||||||||||||||||||||||||
Earnings: |
||||||||||||||||||||||||
Pretax income from continuing
operations before adjustment for income
or loss from equity investees |
$ | 29,143 | $ | (43,894 | ) | $ | (57,301 | ) | $ | (117,938 | ) | $ | 17,198 | $ | 20,521 | |||||||||
Add: |
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Fixed charges |
27,554 | 66,676 | 55,528 | 63,381 | 66,657 | 47,586 | ||||||||||||||||||
Amortization of capitalized interest |
25 | 92 | 133 | 562 | 502 | 389 | ||||||||||||||||||
Distributed income of equity investees |
148 | 700 | 721 | 1,485 | 1,590 | 1,069 | ||||||||||||||||||
Less: |
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Capitalized interest |
446 | 1,607 | 1,761 | 2,271 | 1,136 | 71 | ||||||||||||||||||
Total Earnings |
$ | 56,424 | $ | 21,967 | $ | (2,680 | ) | $ | (54,781 | ) | $ | 84,811 | $ | 69,494 | ||||||||||
Fixed Charges: |
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Interest expense and capitalized
interest, including amortization of
discounts and capitalized expenses on
debt |
$ | 27,123 | $ | 65,525 | $ | 54,577 | $ | 61,961 | $ | 65,563 | $ | 46,990 | ||||||||||||
Estimate of the interest within rental
expense |
431 | 1,151 | 951 | 1,420 | 1,094 | 596 | ||||||||||||||||||
Total Fixed Charges |
$ | 27,554 | $ | 66,676 | $ | 55,528 | $ | 63,381 | $ | 66,657 | $ | 47,586 | ||||||||||||
Ratio of Earnings to Fixed Charges |
2.05 | — | — | — | 1.27 | 1.46 | ||||||||||||||||||