Attached files
| file | filename |
|---|---|
| 10-K - SILVERLEAF RESORTS, INC 10-K 12-31-2010 - SILVERLEAF RESORTS INC | svlf1231201010k.htm |
| EX-21.1 - EXHIBIT 21.1 - SILVERLEAF RESORTS INC | svlfex211.htm |
| EX-32.2 - EXHIBIT 32.2 - SILVERLEAF RESORTS INC | svlfex322.htm |
| EX-31.1 - EXHIBIT 31.1 - SILVERLEAF RESORTS INC | svlfex311.htm |
| EX-32.1 - EXHIBIT 32.1 - SILVERLEAF RESORTS INC | svlfex321.htm |
| EX-23.1 - EXHIBIT 23.1 - SILVERLEAF RESORTS INC | svlfex231.htm |
| EX-31.2 - EXHIBIT 31.2 - SILVERLEAF RESORTS INC | svlfex312.htm |
Silverleaf Resorts, Inc. | Exhibit 12.1 |
Ratio of Earnings to Fixed Charges
For the 5 Years Ending December 31, 2010
Years Ended December 31, | |||||||||||||||||||
(in 000's) | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||
Pretax income from continuing operations | $ | 9,037 | $ | 9,062 | $ | 29,363 | $ | 45,102 | $ | 37,408 | |||||||||
Add back fixed charges, excluding capitalized interest | 37,758 | 30,800 | 30,128 | 25,808 | 22,545 | ||||||||||||||
Income, as adjusted | $ | 46,795 | $ | 39,862 | $ | 59,491 | $ | 70,910 | $ | 59,953 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest on debt and capitalized leases | $ | 36,085 | $ | 29,055 | $ | 28,554 | $ | 24,610 | $ | 21,662 | |||||||||
Portion of interest cost capitalized to Inventory | 368 | 861 | 1,881 | 2,134 | 869 | ||||||||||||||
Interest element of rentals | 1,673 | 1,745 | 1,574 | 1,198 | 883 | ||||||||||||||
Total fixed charges | $ | 38,126 | $ | 31,661 | $ | 32,009 | $ | 27,942 | $ | 23,414 | |||||||||
Ratio of earnings to fixed charges | 1.23 | 1.26 | 1.86 | 2.54 | 2.56 | ||||||||||||||