EXHIBIT 12.1
Statement Setting Forth Computation Showing the Ratio of Earnings to
Combined Fixed Charges and Preferred Dividends
Nine Months Ended | Year Ended | |||||||||||||||||||||||||||
2014 | 2013 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||||
Earnings | ||||||||||||||||||||||||||||
Income from Continuing Operations | $ | 19,501 | $ | 20,877 | $ | 27,787 | $ | 27,420 | $ | 30,090 | $ | 26,121 | $ | 26,568 | ||||||||||||||
Add: Interest Expense | $ | 7,611 | $ | 6,774 | $ | 9,094 | $ | 9,148 | $ | 7,685 | $ | 7,585 | $ | 6,695 | ||||||||||||||
Total Earnings | $ | 27,112 | $ | 27,651 | $ | 36,881 | $ | 36,568 | $ | 37,775 | $ | 33,706 | $ | 33,263 | ||||||||||||||
Fixed Charges | ||||||||||||||||||||||||||||
Interest Expense | $ | 7,611 | $ | 6,774 | $ | 9,094 | $ | 9,148 | $ | 7,685 | $ | 7,585 | $ | 6,695 | ||||||||||||||
Preferred Stock Dividends | $ | 10,359 | $ | 11,496 | $ | 14,949 | $ | 13,267 | $ | 13,094 | $ | 13,094 | $ | 13,094 | ||||||||||||||
Total Fixed Charges | $ | 17,970 | $ | 18,270 | $ | 24,043 | $ | 22,415 | $ | 20,779 | $ | 20,679 | $ | 19,789 | ||||||||||||||
Ratio of Earnings to Fixed Charges | 3.56 | 4.08 | 4.06 | 4.00 | 4.92 | 4.44 | 4.97 | |||||||||||||||||||||
Ratio of Earnings to Combined Fixed Charges and Preferred Dividends | 1.51 | 1.51 | 1.53 | 1.63 | 1.82 | 1.63 | 1.68 |