Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - SILVERLEAF RESORTS INC | ex32_1.htm |
| EX-32.2 - EXHIBIT 32.2 - SILVERLEAF RESORTS INC | ex32_2.htm |
| EX-21.1 - EXHIBIT 21.1 - SILVERLEAF RESORTS INC | ex21_1.htm |
| EX-31.2 - EXHIBIT 31.2 - SILVERLEAF RESORTS INC | ex31_2.htm |
| EX-31.1 - EXHIBIT 31.1 - SILVERLEAF RESORTS INC | ex31_1.htm |
| EX-23.1 - EXHIBIT 23.1 - SILVERLEAF RESORTS INC | ex23_1.htm |
| EX-10.61 - EXHIBIT 10.61 - SILVERLEAF RESORTS INC | ex10_61.htm |
| 10-K - SILVERLEAF RESORTS, INC 10-K 12-31-2009 - SILVERLEAF RESORTS INC | form10k.htm |
| Silverleaf Resorts, Inc. |
Exhibit 12.1
|
Ratio of Earnings to Fixed Charges
For the 5 Years Ending December 31, 2009
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Years Ended December 31,
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(in 000's)
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2009
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2008
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2007
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2006
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2005
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Pretax income from continuing operations
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$ | 9,062 | $ | 29,363 | $ | 45,102 | $ | 37,408 | $ | 32,151 | ||||||||||
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Add back fixed charges, excluding capitalized interest
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30,800 | 30,128 | 25,808 | 22,545 | 17,980 | |||||||||||||||
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Income, as adjusted
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$ | 39,862 | $ | 59,491 | $ | 70,910 | $ | 59,953 | $ | 50,131 | ||||||||||
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Fixed charges:
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Interest on debt and capitalized leases
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$ | 29,055 | $ | 28,554 | $ | 24,610 | $ | 21,662 | $ | 17,253 | ||||||||||
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Portion of interest cost capitalized to Inventory
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861 | 1,881 | 2,134 | 869 | 1,127 | |||||||||||||||
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Interest element of rentals
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1,745 | 1,574 | 1,198 | 883 | 727 | |||||||||||||||
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Total fixed charges
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$ | 31,661 | $ | 32,009 | $ | 27,942 | $ | 23,414 | $ | 19,107 | ||||||||||
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Ratio of earnings to fixed charges
|
1.26 | 1.86 | 2.54 | 2.56 | 2.62 | |||||||||||||||