| Year Ended December 31, | |||||||||||||||||||||
| 2004 | 2003 | 2002 | 2001 | 2000 | |||||||||||||||||
|
Consolidated pretax income (loss) from continuing operations
|
$ | 285.6 | $ | (35.2) | $ | (57.3) | $ | (28.7) | $ | 29.9 | |||||||||||
|
Undistributed earnings of non-consolidated affiliates
|
4.2 | .1 | (1.3) | ||||||||||||||||||
|
Amortization of capitalized interest
|
2.0 | 2.0 | 1.8 | ||||||||||||||||||
|
Interest expense
|
.8 | 4.4 | 6.5 | 8.5 | 4.9 | ||||||||||||||||
|
Interest portion of rental expense
|
7.5 | 8.6 | 9.4 | 6.8 | 7.3 | ||||||||||||||||
|
Earnings
|
$ | 300.1 | $ | (20.1) | $ | (40.9) | $ | (13.4) | $ | 42.1 | |||||||||||
|
Interest expense
|
$ | .8 | $ | 4.4 | $ | 6.5 | $ | 8.5 | $ | 4.9 | |||||||||||
|
Interest portion of rental expense
|
7.5 | 8.6 | 9.4 | 6.8 | 7.3 | ||||||||||||||||
|
Preferred Stock dividend requirements
|
6.5 | ||||||||||||||||||||
|
Fixed Charges and Preferred Stock Dividend Requirements
|
$ | 14.8 | $ | 13.0 | $ | 15.9 | $ | 15.3 | $ | 12.2 | |||||||||||
|
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK
DIVIDEND REQUIREMENTS
|
20.3x | —(1) | —(2) | —(3) | 3.5x | ||||||||||||||||
| (1) | For the year ended December 31, 2003, earnings were inadequate to cover fixed charges. We would need an additional $33.1 million of earnings in order to cover our fixed charges. |
| (2) | For the year ended December 31, 2002, earnings were inadequate to cover fixed charges. We would need an additional $56.8 million of earnings in order to cover our fixed charges. |
| (3) | For the year ended December 31, 2001, earnings were inadequate to cover fixed charges. We would need an additional $28.7 million of earnings in order to cover our fixed charges. |
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