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Six Months
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Ended
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September 30,
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Fiscal Year Ended March 31,
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2011
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2011
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2010
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2009
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2008
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2007
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(in thousands, except for ratios)
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Earnings
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Pretax income from continuing operations before equity in pretax earnings (loss) of unconsolidated affiliates
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$ | 34,749 | $ | 234,265 | $ | 234,252 | $ | 176,606 | $ | 166,782 | $ | 120,642 | ||||||||||||
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Fixed charges (net of interest capitalized)
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13,053 | 27,845 | 29,226 | 40,797 | 48,014 | 59,376 | ||||||||||||||||||
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Distribution of earnings from unconsolidated affiliates
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16,724 | — | 11,983 | 8,680 | 9,189 | 7,878 | ||||||||||||||||||
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Total Earnings
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$ | 64,526 | $ | 262,110 | $ | 275,461 | $ | 226,083 | $ | 223,985 | $ | 187,896 | ||||||||||||
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Fixed Charges and Preference Dividends
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Interest expense
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$ | 11,198 | $ | 23,058 | $ | 24,210 | $ | 35,631 | $ | 41,908 | $ | 53,794 | ||||||||||||
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Interest capitalized
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— | — | — | — | — | — | ||||||||||||||||||
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Amortization of premiums, discounts, and debt issuance costs
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607 | 1,260 | 1,837 | 948 | 1,767 | 1,697 | ||||||||||||||||||
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Interest component of rent expense
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1,248 | 3,527 | 3,179 | 4,218 | 4,339 | 3,885 | ||||||||||||||||||
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Total Fixed Charges
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13,053 | 27,845 | 29,226 | 40,797 | 48,014 | 59,376 | ||||||||||||||||||
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Dividends on convertible perpetual preferred stock (pretax)
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11,423 | 22,846 | 22,846 | 22,846 | 22,846 | 22,592 | ||||||||||||||||||
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Total Fixed Charges and Preference Dividends
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$ | 24,476 | $ | 50,691 | $ | 52,072 | $ | 63,643 | $ | 70,860 | $ | 81,968 | ||||||||||||
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Ratio of Earnings to Fixed Charges
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4.94 | 9.41 | 9.43 | 5.54 | 4.66 | 3.16 | ||||||||||||||||||
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Ratio of Earnings to Combined Fixed Charges and Preference Dividends
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2.64 | 5.17 | 5.29 | 3.55 | 3.16 | 2.29 | ||||||||||||||||||