Nine Months Ended
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Year Ended December 31,
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September 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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$ | 31,032 | $ | 28,362 | $ | 22,718 | $ | 27,645 | $ | 16,225 | $ | 20,389 | |||||||
Equity in (earnings) losses of AMAK and gain from AMAK equity issuance
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(5,079) | 5,325 | 1,072 | (8,700) | 211 | (7,832) | |||||||||||||
Bargain purchase gain
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(11,549) | - | - | - | - | - | |||||||||||||
Fixed charges(1)
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2,084 | 2,498 | 1,510 | 911 | 963 | 1,155 | |||||||||||||
Earnings available to cover fixed charges
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$ | 16,488 | $ | 36,185 | $ | 25,300 | $ | 19,856 | $ | 17,399 | $ | 13,712 | |||||||
Ratio of earnings to fixed charges
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7.91 | 14.49 | 16.76 | 21.79 | 18.08 | 11.87 |