Year Ended

2008

2007

2006

2005

2004

Income from continuing operations

$

43,192

$

48,039

$

45,879

$

51,037

$

33,199

Add: Interest expense

4,114

4,957

7,028

8,310

11,523

Earnings

$

47,306

$

52,996

$

52,907

$

59,347

$

44,722

Interest expense

$

4,114

$

4,957

$

7,028

$

8,310

$

11,523

Interest expense

$

4,114

$

4,957

$

7,028

$

8,310

$

11,523

Noncontrolling interests preferred return

307

343

343

349

896

Preferred stock (buyback)/redemption

(989

)

—

—

—

4,029

Preferred stock dividends

15,390

16,923

17,157

17,343

17,356

Fixed Charges

$

18,822

$

22,223

$

24,528

$

26,002

$

33,804

Ratio of earnings to interest expense

11.50

10.69

7.53

7.14

3.88

Ratio of earnings to fixed charges

2.51

2.38

2.16

2.28

1.32