Quarter Ended

Year Ended December 31,

September
30, 2015

2014

2013

2012

2011

2010

Income from continuing operations

$

55,127

$

73,399

$

55,405

$

50,306

$

48,620

$

44,851

Add: Fixed charges

12,397

14,634

12,296

10,098

6,670

2,961

Less: Capitalized interest

(481

)

(1,506

)

(932

)

(130

)

(45

)

(117

)

Less: Income allocated to non-controlling interests

—

—

—

(37

)

(191

)

(191

)

Earnings available for fixed charges

$

67,043

$

86,527

$

66,769

$

60,237

$

55,054

$

47,504

Fixed Charges

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

11,916

13,128

11,364

9,931

6,434

2,653

Capitalized interest

481

1,506

932

130

45

117

Income allocated to non-controlling interests

—

—

—

37

191

191

Total fixed charges

12,397

14,634

12,296

10,098

6,670

2,961

Preferred stock dividend (excludes preferred stock redemption charge)

2,454

3,273

3,273

3,273

5,512

13,662

Total fixed charges and preferred dividends

$

14,851

$

17,907

$

15,569

$

13,371

$

12,182

$

16,623

Ratio of earnings to fixed charges

5.41

5.91

5.43

5.97

8.25

16.04

Ratio of earnings to fixed charges and preferred dividends

4.51

4.83

4.29

4.51

4.52

2.86