Ratios of Earnings (Loss) to Fixed Charges
(in millions, except ratios)
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Year Ended December 31, |
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2017 |
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2016 |
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2015 |
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2014 |
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2013 |
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Earnings: |
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Income (loss) from continuing operations before income taxes |
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$ |
143.1 |
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$ |
127.8 |
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$ |
(111.0 |
) |
$ |
83.1 |
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$ |
87.8 |
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Interest Expense |
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19.1 |
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22.6 |
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24.3 |
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19.9 |
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21.5 |
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Portion of rent representative of an interest factor (a) |
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4.6 |
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4.2 |
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4.4 |
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4.4 |
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4.5 |
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Adjusted income (loss) before income taxes |
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$ |
166.8 |
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$ |
154.6 |
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$ |
(82.3 |
) |
$ |
107.4 |
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$ |
113.8 |
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Fixed Charges |
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Interest Expense |
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$ |
19.1 |
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$ |
22.6 |
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$ |
24.3 |
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$ |
19.9 |
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$ |
21.5 |
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Portion of rent expense representative of an interest factor (a) |
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4.6 |
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4.2 |
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4.4 |
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4.4 |
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4.5 |
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Total Fixed Charges |
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$ |
23.7 |
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$ |
26.8 |
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$ |
28.7 |
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$ |
24.3 |
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$ |
26.0 |
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Ratio of earnings (loss) to fixed charges |
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7.0 |
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5.8 |
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(2.9 |
) |
4.4 |
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4.4 |
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(a) One-third of net rent expense is the portion deemed representative of the interest factor