Exhibit 12.1
Ration of Earnings to Fixed Charges
(in millions, except ratios)
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Year Ended December 31, |
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2007 |
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2008 |
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2009 |
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2010 |
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2011 |
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Earnings: |
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Income from continuing operations before income taxes and noncontrolling interest |
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$ |
109.1 |
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$ |
68.0 |
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$ |
72.3 |
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$ |
94.5 |
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$ |
91.5 |
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Add (less): |
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Loss attributable to noncontrolling interest before income taxes |
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2.8 |
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1.9 |
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— |
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— |
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— |
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Add Fixed Charges: |
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Interest Expense |
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27.1 |
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26.2 |
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22.0 |
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22.8 |
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25.8 |
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Portion of rent representative of an interest factor |
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2.8 |
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3.3 |
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3.4 |
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3.2 |
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3.7 |
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Adjusted income before income taxes |
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$ |
141.8 |
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$ |
99.4 |
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$ |
97.7 |
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$ |
120.5 |
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$ |
121.0 |
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Fixed Charges |
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Interest Expense |
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$ |
27.1 |
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$ |
26.2 |
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$ |
22.0 |
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$ |
22.8 |
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$ |
25.8 |
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Portion of rent representative of an interest factor |
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2.8 |
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3.3 |
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3.4 |
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3.2 |
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3.7 |
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Total Fixed Charges |
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$ |
29.9 |
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$ |
29.5 |
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$ |
25.4 |
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$ |
26.0 |
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$ |
29.5 |
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Ratio of earnings to fixed charges |
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4.7 |
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3.4 |
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3.8 |
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4.6 |
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4.1 |
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