The Ensign Group, Inc. | |||||||||||||||||
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends | |||||||||||||||||
(in thousands, except ratio) | |||||||||||||||||
Three Months Ended | Fiscal Year Ended December 31, | ||||||||||||||||
March 31, 2014 | 2013 | 2014 | 2011 | 2010 | 2009 | ||||||||||||
COMPUTATION OF FIXED CHARGES: | |||||||||||||||||
Interest expensed in continuing operations, including amortization of debt discounts and fees | 3,363 | 12,787 | 12,229 | 13,778 | 9,123 | 5,691 | |||||||||||
Estimate of interest component of rental expense (1) | 1,202 | 4,691 | 4,593 | 4,728 | 4,968 | 5,065 | |||||||||||
Total fixed charges | 4,565 | 17,478 | 16,822 | 18,506 | 14,091 | 10,756 | |||||||||||
COMPUTATION OF EARNINGS: | |||||||||||||||||
Income from continuing operations before provision for income taxes and adjustment for noncontrolling interests | 21,143 | 45,661 | 66,299 | 77,167 | 66,779 | 53,526 | |||||||||||
Fixed charges | 4,565 | 17,478 | 16,822 | 18,506 | 14,091 | 10,756 | |||||||||||
Preferred dividends (2) | — | — | — | — | — | — | |||||||||||
Net loss attributable to noncontrolling interests | (485 | ) | (186 | ) | (783 | ) | — | — | — | ||||||||
26,193 | 63,325 | 83,904 | 95,673 | 80,870 | 64,282 | ||||||||||||
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS | 5.7 | 3.6 | 5.0 | 5.2 | 5.7 | 6.0 | |||||||||||
(1) One-third of rent expense is reasonable approximation of the interest factor. | |||||||||||||||||
(2) No shares of preferred stock were outstanding during these periods. | |||||||||||||||||