| (Dollars in thousands) | 2006 | 2007 | 2008 | 2009 | 2010 | |||||||||||||||
Fixed charges: |
||||||||||||||||||||
Interest expense, excluding floor plan interest |
$ | 42,203 | $ | 47,330 | $ | 72,417 | $ | 92,897 | $ | 79,032 | ||||||||||
Capitalized interest |
3,651 | 2,463 | 1,543 | 702 | 2,330 | |||||||||||||||
Rent expense (interest factor) |
32,321 | 32,481 | 32,085 | 32,013 | 31,451 | |||||||||||||||
Total fixed charges |
78,175 | 82,274 | 106,045 | 125,612 | 112,813 | |||||||||||||||
Income from continuing operations before income taxes
and cumulative effect of change in accounting
principle |
139,110 | 172,137 | (756,117 | ) | 27,892 | 78,421 | ||||||||||||||
Add: Fixed charges |
78,175 | 82,274 | 106,045 | 125,612 | 112,813 | |||||||||||||||
Less: Capitalized interest |
(3,651 | ) | (2,463 | ) | (1,543 | ) | (702 | ) | (2,330 | ) | ||||||||||
Income from continuing operations before income taxes
and cumulative effect of change in accounting
principle & fixed charges |
$ | 213,634 | $ | 251,948 | $ | (651,615 | ) | $ | 152,802 | $ | 188,904 | |||||||||
Ratio of earnings to fixed charges |
2.7 x | 3.1 x | (757,660) | (1) | 1.2 x | 1.7 x | ||||||||||||||
| (1) | Reflects deficiency of earnings available to cover fixed charges. Because of the deficiency, ratio information is not provided. |