Arkansas Best Corporation
Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
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Three Months Ended March 31, 2010 |
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Year Ended December 31, | ||||||||||||||||||||
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2005 | 2006 | 2007 | 2008 | 2009 | ||||||||||||||||
Earnings: |
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Income (loss) from continuing operations before income taxes |
$ | 168,451 | $ | 131,519 | $ | 90,791 | $ | 49,910 | $ | (165,518 | ) | $ | (34,829 | ) | |||||||
Interest expense |
2,157 | 1,119 | 1,189 | 1,181 | 2,389 | 565 | |||||||||||||||
Estimate of interest factor within rental expense |
2,458 | 2,386 | 2,034 | 2,285 | 2,194 | 673 | |||||||||||||||
Earnings as adjusted |
$ | 173,066 | $ | 135,024 | $ | 94,014 | $ | 53,376 | $ | (160,935 | ) | $ | (33,591 | ) | |||||||
Fixed Charges: |
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Interest expense |
$ | 2,157 | $ | 1,119 | $ | 1,189 | $ | 1,181 | $ | 2,389 | $ | 565 | |||||||||
Interest capitalized |
200 | 200 | 200 | 100 | 100 | 25 | |||||||||||||||
Estimate of interest factor within rental expense |
2,458 | 2,386 | 2,034 | 2,285 | 2,194 | 673 | |||||||||||||||
Total fixed charges |
$ | 4,815 | $ | 3,705 | $ | 3,423 | $ | 3,566 | $ | 4,683 | $ | 1,263 | |||||||||
Ratio of Earnings to Fixed Charges |
35.9 | 36.4 | 27.5 | 15.0 | * | * | |||||||||||||||