| (dollars in thousands) | 2005 | 2006 | 2007 | 2008 | 2009 | |||||||||||||||
|
Fixed charges:
|
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|
Interest expense, excluding floor plan interest
|
$ | 42,386 | $ | 42,235 | $ | 47,313 | $ | 72,360 | $ | 92,927 | ||||||||||
|
Capitalized interest
|
2,328 | 3,651 | 2,463 | 1,543 | 702 | |||||||||||||||
|
Rent expense (interest factor)
|
25,999 | 32,471 | 31,987 | 32,119 | 31,763 | |||||||||||||||
|
Total fixed charges
|
70,713 | 78,357 | 81,763 | 106,022 | 125,392 | |||||||||||||||
|
Income from continuing operations before income taxes and
cumulative effect of change in accounting principle
|
152,643 | 140,998 | 173,584 | (770,966 | ) | 22,359 | ||||||||||||||
|
Add: Fixed charges
|
70,713 | 78,357 | 81,763 | 106,022 | 125,392 | |||||||||||||||
|
Less: Capitalized interest
|
(2,328 | ) | (3,651 | ) | (2,463 | ) | (1,543 | ) | (702 | ) | ||||||||||
|
Income from continuing operations before income taxes and
cumulative effect of change in accounting principle &
fixed charges
|
$ | 221,028 | $ | 215,704 | $ | 252,884 | $ | (666,487 | ) | $ | 147,049 | |||||||||
|
Ratio of earnings to fixed charges
|
3.1 | x | 2.8 | x | 3.1 | x | (772,509 | )(1) | 1.2x | |||||||||||
| (1) | Reflects deficiency of earnings available to cover fixed charges. Because of the deficiency, ratio information is not provided. |