Attached files
| file | filename |
|---|---|
| 10-K - 10-K - STR HOLDINGS, INC. | a2202541z10-k.htm |
| EX-21 - EX-21 - STR HOLDINGS, INC. | a2202541zex-21.htm |
| EX-23 - EX-23 - STR HOLDINGS, INC. | a2202541zex-23.htm |
| EX-32.1 - EX-32.1 - STR HOLDINGS, INC. | a2202541zex-32_1.htm |
| EX-31.2 - EX-31.2 - STR HOLDINGS, INC. | a2202541zex-31_2.htm |
| EX-32.2 - EX-32.2 - STR HOLDINGS, INC. | a2202541zex-32_2.htm |
| EX-31.1 - EX-31.1 - STR HOLDINGS, INC. | a2202541zex-31_1.htm |
| EX-10.29 - EX-10.29 - STR HOLDINGS, INC. | a2202541zex-10_29.htm |
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STR Holdings, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
| |
Year Ended December 31, | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| |
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||
Earnings: |
|||||||||||||||||||
Income before income taxes and equity investments |
$ | 73,918 | $ | 33,040 | $ | 46,331 | $ | 13,395 | $ | 22,545 | |||||||||
add: Amortization of interest capitalized |
103 |
114 |
— |
— |
— |
||||||||||||||
Fixed charges per below |
17,555 | 18,887 | 22,369 | 17,669 | 7,932 | ||||||||||||||
less: Interest capitalized |
(62 | ) | (175 | ) | (153 | ) | (336 | ) | — | ||||||||||
Income as adjusted |
$ | 91,514 | $ | 51,866 | $ | 68,547 | $ | 30,728 | $ | 30,477 | |||||||||
Fixed charges: |
|||||||||||||||||||
Interest expensed |
15,784 | 17,068 | 20,809 | 16,008 | 6,743 | ||||||||||||||
Interest capitalized |
62 | 175 | 153 | 336 | — | ||||||||||||||
Interest portion of rent expense(1) |
1,709 | 1,644 | 1,407 | 1,325 | 1,189 | ||||||||||||||
Total fixed charges |
$ | 17,555 | $ | 18,887 | $ | 22,369 | $ | 17,669 | $ | 7,932 | |||||||||
Ratio of Earnings to Fixed Charges(2): |
5.21x | 2.75x | 3.06x | 1.74x | 3.84x | ||||||||||||||
- (1)
- Consists
of one-third of total rental expense that is a reasonable approximation of the interest factor.
- (2)
- As of the date for which information is presented in the above table, no preferred stock was issued and outstanding. Accordingly, no separate calculation of Ratio of Earnings to Fixed Charges and Preference Dividends is presented.
STR Holdings, Inc. Computation of Ratio of Earnings to Fixed Charges (in thousands, except ratios)