EXHIBIT 12
Published on February 24, 2010
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RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Thousands)
|
|
Year Ended | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||
Income from continuing operations |
$ | 44,360 | $ | 43,192 | $ | 48,039 | $ | 45,879 | $ | 51,037 | ||||||
Add: Interest expense |
2,418 | 4,114 | 4,957 | 7,028 | 8,310 | |||||||||||
Earnings |
$ | 46,778 | $ | 47,306 | $ | 52,996 | $ | 52,907 | $ | 59,347 | ||||||
Interest expense |
$ |
2,418 |
$ |
4,114 |
$ |
4,957 |
$ |
7,028 |
$ |
8,310 |
||||||
Interest expense |
$ |
2,418 |
$ |
4,114 |
$ |
4,957 |
$ |
7,028 |
$ |
8,310 |
||||||
Income allocable to non-controlling interests |
296 | 307 | 343 | 343 | 349 | |||||||||||
Income allocable to preferred stockholders |
14,515 | 14,401 | 16,923 | 17,157 | 17,343 | |||||||||||
Fixed Charges |
$ | 17,229 | $ | 18,822 | $ | 22,223 | $ | 24,528 | $ | 26,002 | ||||||
Ratio of earnings to fixed charges |
19.35 |
11.50 |
10.69 |
7.53 |
7.14 |
|||||||||||
Ratio of earnings to fixed charges and preferred dividends |
2.72 |
2.51 |
2.38 |
2.16 |
2.28 |
|||||||||||