Year Ended December 31, | Three
Months Ended March 31, |
|||||||||||||||||||||||
2001 | 2002 | 2003 | 2004 | 2005 | 2006 | |||||||||||||||||||
Pre tax Earnings before
minority interest |
$ | (3,918 | ) | $ | 2,002 | $ | 15,226 | $ | 24,155 | $ | 19,857 | $ | 2,348 | |||||||||||
Add back fixed charges: |
||||||||||||||||||||||||
Interest Expense |
2,253 | 2,717 | 3,392 | 9,339 | 16,959 | 10,149 | ||||||||||||||||||
Earnings before fixed
charges |
$ | (1,665 | ) | $ | 4,719 | $ | 18,618 | $ | 33,494 | $ | 36,816 | $ | 12,497 | |||||||||||
Fixed Charges: |
||||||||||||||||||||||||
Capitalized Interest |
| | | | 883 | 1,470 | ||||||||||||||||||
Interest expense |
2,253 | 2,717 | 3,392 | 9,339 | 16,076 | 8,679 | ||||||||||||||||||
Total Interest expense |
$ | 2,253 | $ | 2,717 | $ | 3,392 | $ | 9,339 | $ | 16,959 | $ | 10,149 | ||||||||||||
Ratio of earnings to
fixed charges |
| 1.7 | x | 5.5 | x | 3.6 | x | 2.2 | x | 1.2 | x | |||||||||||||
Earnings inadequate to cover fixed charges |
$ | (3,918 | ) | | | | | |