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(Unaudited and in thousands, |
Fiscal Year Ended December 31, | Three Months Ended | |||||||||||||||||||
| except ratio amounts) | 2006 | 2007 | 2008 | 2009 | 2010 | March 31, 2010 | March 31, 2011 | ||||||||||||||
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Other financial data:
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Earnings
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Pre-tax (loss) income
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($17) | $ | 10,812 | $ | 18,330 | $ | 32,773 | ($46,379) | $ | 9,253 | ($24,351) | ||||||||||
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Fixed charges
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10,921 | 20,391 | 21,271 | 18,114 | 27,508 | 3,932 | 18,049 | ||||||||||||||
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Total earnings
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10,904 | 31,203 | 39,601 | 50,887 | (18,871) | 13,185 | (6,302) | ||||||||||||||
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Total fixed charges
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$ | 10,921 | $ | 20,391 | $ | 21,271 | $ | 18,114 | $ | 27,508 | $ | 3,932 | $ | 18,049 | |||||||
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Ratio of earnings to fixed charges(1)
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1.0 | 1.5 | 1.9 | 2.8 | - | 3.4 | - | ||||||||||||||
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Earnings deficiency to cover fixed charges
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- | - | - | - | ($46,379) | - | ($24,351) | ||||||||||||||
| (1) | For purposes of computing the ratio of earnings to fixed charges, earnings consist of earnings before income taxes plus fixed charges. Fixed charges consist of interest expense, amortization of debt issuance costs and the portion of rental expense that management believes is representative of the interest component of rental expense. Due to our loss, the ratio coverage was less than 1:1 in 2010 on an actual basis and for the three months ended March 31, 2011. |