| Year Ended December 31, | |||||||||||||||||||||
| 2005 | 2004 | 2003 | 2002 | 2001 | |||||||||||||||||
|
Consolidated pretax income (loss) from continuing operations
|
$ | 368.1 | $ | 285.2 | $ | (35.2 | ) | $ | (57.3 | ) | $ | (28.7 | ) | ||||||||
|
Undistributed earnings of non-consolidated affiliates
|
.1 | 4.2 | .1 | (1.3 | ) | ||||||||||||||||
|
Amortization of capitalized interest
|
2.0 | 2.0 | 2.0 | 1.8 | |||||||||||||||||
|
Interest expense
|
4.5 | .8 | 4.4 | 6.5 | 8.5 | ||||||||||||||||
|
Interest portion of rental expense
|
6.2 | 7.5 | 8.6 | 9.4 | 6.8 | ||||||||||||||||
|
Earnings
|
$ | 380.9 | $ | 299.7 | $ | (20.1 | ) | $ | (40.9 | ) | $ | (13.4 | ) | ||||||||
|
Interest expense
|
$ | 4.5 | $ | .8 | $ | 4.4 | $ | 6.5 | $ | 8.5 | |||||||||||
|
Interest portion of rental expense
|
6.2 | 7.5 | 8.6 | 9.4 | 6.8 | ||||||||||||||||
|
Preferred Stock dividend requirements
|
6.8 | 6.5 | |||||||||||||||||||
|
Fixed Charges and Preferred Stock Dividend Requirements
|
$ | 17.5 | $ | 14.8 | $ | 13.0 | $ | 15.9 | $ | 15.3 | |||||||||||
|
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK
DIVIDEND REQUIREMENTS
|
21.8 | x | 20.3 | x | (1) | (2) | (3) | ||||||||||||||
| (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. |