Years Ended December 31, | ||||||||||||
2009 | 2008 | 2007 | ||||||||||
(In thousands) | ||||||||||||
Earnings Before Fixed Charges |
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Earnings from continuing operations before non-controlling interest or tax |
$ | (75,695 | ) | $ | (61,361 | ) | $ | (16,534 | ) | |||
Capitalized interest |
(1,076 | ) | (2,655 | ) | (4,614 | ) | ||||||
Depreciation of capitalized interest |
16 | 30 | 262 | |||||||||
Non-controlling interest |
(60 | ) | (311 | ) | (160 | ) | ||||||
Total earnings before fixed charges |
$ | (76,815 | ) | $ | (64,297 | ) | $ | (21,046 | ) | |||
Fixed Charges |
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Interest expense includes discontinued operations |
$ | 125,903 | $ | 102,675 | $ | 79,403 | ||||||
Capitalized interest includes discontinued operations |
1,076 | 2,655 | 4,765 | |||||||||
Total Fixed Charges |
$ | 126,979 | $ | 105,330 | $ | 84,168 | ||||||
Total Earnings & Fixed Charges |
$ | 50,164 | $ | 41,033 | $ | 63,122 | ||||||
Ratio of earnings to fixed charges |
0.40 | 0.39 | 0.75 | |||||||||
Deficiency |
$ | (76,815 | ) | $ | (64,297 | ) | $ | (21,046 | ) |