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EXHIBIT 12.1
Computation of Ratio of Debt to Equity
Year ended December 31, | ||||||||||||||||||
Dollars in thousands | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||
Debt | $404,540 | $ | 348,795 | $ | 314,958 | $ | 322,770 | $ | 357,779 | |||||||||
Equity | 278,088 | 274,670 | 273,495 | 216,318 | 171,504 | |||||||||||||
Debt to equity | 1.45 | 1.27 | 1.15 | 1.49 | 2.09 |