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Year Ended December 31, | Three Months Ended March 31, |
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2012 | 2013 | 2014 | 2015 | 2016 | 2016 | 2017 | |||||||||||||||
Earnings, calculated as follows: |
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Add the following: |
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Pre-tax income from continuing operations before adjustment for income or loss from equity investees |
44,796 | 46,473 | 86,168 | 56,201 | 45,374 | 15,429 | 14,712 | |||||||||||||||
Fixed Charges |
18,803 | 17,434 | 6,217 | 8,856 | 11,939 | 2,155 | 3,989 | |||||||||||||||
Distributed Income from Equity Investees |
— | — | — | — | — | — | — | |||||||||||||||
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Subtotal |
63,599 | 63,907 | 92,385 | 65,057 | 57,313 | 17,584 | 18,701 | |||||||||||||||
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Subtract the following: |
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Interest Capitalized |
261 | 421 | — | — | — | — | — | |||||||||||||||
Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges |
3,846 | 10,717 | 12,933 | 17,839 | 17,173 | 4,863 | 5,041 | |||||||||||||||
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Subtotal |
4,107 | 11,138 | 12,933 | 17,839 | 17,173 | 4,863 | 5,041 | |||||||||||||||
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Total Earnings |
59,493 | 52,769 | 79,452 | 47,219 | 40,140 | 12,721 | 13,661 | |||||||||||||||
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Fixed Charges, calculated as follows: |
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Add the following: |
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Interest expensed and capitalized: |
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Expensed |
13,981 | 12,785 | 1,208 | 3,180 | 5,362 | 826 | 2,316 | |||||||||||||||
Capitalized |
261 | 421 | — | — | — | — | — | |||||||||||||||
Estimate of interest within rental expense |
4,562 | 4,229 | 5,009 | 5,676 | 6,577 | 1,329 | 1,673 | |||||||||||||||
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Total Fixed Charges |
18,803 | 17,434 | 6,217 | 8,856 | 11,939 | 2,155 | 3,989 | |||||||||||||||
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Ratio of Earnings to Fixed Charges |
x | 3.2 | x | 3.0 | x | 12.8 | x | 5.3 | x | 3.4 | x | 5.9 | x | 3.4 | ||||||||
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