| 2002 |
2001 |
2000 |
1999 |
1998 | |||||||||||
| (dollars in thousands) | |||||||||||||||
| Income (loss) from continuing operations before income taxes |
$ |
(109,801) |
$ |
261,635 |
$ |
267,351 |
$ |
264,318 |
$ |
366,654 | |||||
| Add fixed charges |
|
29,786 |
|
23,325 |
|
22,645 |
|
21,655 |
|
23,835 | |||||
| |
|
|
|
|
|
|
|
|
| ||||||
| Earnings (as defined) |
$ |
(80,015) |
$ |
284,960 |
$ |
289,996 |
$ |
285,973 |
$ |
390,489 | |||||
| |
|
|
|
|
|
|
|
|
| ||||||
| Fixed charges: |
|||||||||||||||
| Interest expense |
$ |
23,094 |
$ |
17,658 |
$ |
18,978 |
$ |
18,322 |
$ |
21,835 | |||||
| Amortization of debt issuance costs |
|
(i) |
|
(i) |
|
(i) |
|
(i) |
|
(i) | |||||
| Estimated interest component of rent expenses |
|
6,692 |
|
5,667 |
|
3,667 |
|
3,333 |
|
2,000 | |||||
| |
|
|
|
|
|
|
|
|
| ||||||
| Total fixed charges |
$ |
29,786 |
$ |
23,325 |
$ |
22,645 |
$ |
21,655 |
$ |
23,835 | |||||
| |
|
|
|
|
|
|
|
|
| ||||||
| Ratio of earnings to fixed charges |
|
note (ii) |
|
12.22 |
|
12.81 |
|
13.21 |
|
16.38 | |||||
| |
|
|
|
|
|
|
| ||||||||
(i) |
In all years presented, the amortization of debt issuance costs is included in interest expense. |
(ii) |
Earnings, as defined, were insufficient to cover fixed charges by $110 million. |