Quarter Ended

Year Ended

31-Mar-13

2012

2011

2010

2009

2008

Income from continuing operations

$

12,976

$

51,311

$

49,542

$

45,595

$

44,248

$

43,080

Add: Fixed charges

3,310

10,062

6,479

2,770

2,458

4,174

Less: Capitalized interest

(177

)

(130

)

(45

)

(117

)

(40

)

(60

)

Less: Minority interest in pre-tax income that have not incurred fixed charges (equity method investees)

—

(37

)

(191

)

(191

)

(296

)

(307

)

Earnings

$

16,109

$

61,206

$

55,785

$

48,057

$

46,370

$

46,887

Fixed Charges

Interest expense (includes amortization of debt issue costs and capitalized interest)

3,310

10,062

6,479

2,770

2,458

4,174

Estimated interest in rental expense

—

—

—

—

—

—

Total fixed charges

3,310

10,062

6,479

2,770

2,458

4,174

Preferred stock dividend (excludes preferred stock redemption charge)

818

3,273

5,512

13,662

15,141

15,390

Total fixed charges and preferred dividends

$

4,128

$

13,335

$

11,991

$

16,432

$

17,599

$

19,564

Ratio of earnings to fixed charges

4.87

6.08

8.61

17.35

18.86

11.23

Ratio of earnings to fixed charges and preferred dividends

3.90

4.59

4.65

2.92

2.63

2.40