Six Months Ended
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Year Ended December 31,
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June 30, 2016
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2015
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2014
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2013
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2012
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2011
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(in thousands except ratio)
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Income before taxes
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$ | 29,633 | $ | 28,362 | $ | 22,718 | $ | 27,645 | $ | 16,225 | $ | 20,389 | |||||||
Equity in (earnings) losses of AMAK
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(7,168 | 5,325 | 1,072 | (8,700 | 211 | 1,018 | |||||||||||||
Bargain purchase gain
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(11,549 | - | - | - | - | (8,850) | |||||||||||||
Fixed charges(1)
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1,379 | 2,498 | 1,510 | 911 | 963 | 1,155 | |||||||||||||
Earnings available to cover fixed charges
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$ | 12,295 | $ | 36,185 | $ | 25,300 | $ | 19,856 | $ | 17,399 | $ | 13,712 | |||||||
Ratio of earnings to fixed charges
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8.92 | 14.49 | 16.76 | 21.79 | 18.08 | 11.87 |