RATIO OF EARNINGS TO FIXED CHARGES
| |
Year Ended December 31, | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| |
2010 | 2009 | 2008 | ||||||||
| |
(In thousands) |
||||||||||
Earnings Before Fixed charges: |
|||||||||||
Earnings from continuing operations before non-controlling interest or tax |
$ | (24,708 | ) | $ | (75,695 | ) | $ | (61,361 | ) | ||
Capitalized interest |
(128 | ) | (1,076 | ) | (2,655 | ) | |||||
Depreciation of capitalized interest |
745 | 738 | 684 | ||||||||
Non-controlling interest |
(19 | ) | (60 | ) | (311 | ) | |||||
Total earnings before fixed charges |
$ | (24,110 | ) | $ | (76,093 | ) | $ | (63,643 | ) | ||
Fixed charges: |
|||||||||||
Interest expense includes discontinued operations |
$ | 87,035 | 125,903 | 102,675 | |||||||
Capitalized interest includes discontinued operations |
128 | 1,076 | 2,655 | ||||||||
Total fixed charges |
$ | 87,163 | $ | 126,979 | $ | 105,330 | |||||
Total earnings & fixed charges |
$ | 63,053 | $ | 50,886 | $ | 41,687 | |||||
Ratio of earnings to fixed charges |
0.72 | 0.40 | 0.40 | ||||||||
Deficiency |
$ | (24,110 | ) | $ | (76,093 | ) | $ | (63,643 | ) | ||