Exhibit 12.1
Statement Re: Computation of Earnings to
Combined Fixed Charges and Preferred Stock Dividends
Combined Fixed Charges and Preferred Stock Dividends
Amounts in thousands
Year ended December 31, | ||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Income from continuing operations before noncontrolling interest in consolidated subsidiaries and income from equity investees | $ | 22,203 | $ | 37,699 | $ | 40,065 | $ | 37,134 | $ | 34,177 | ||||||||||
Fixed charges | 50,050 | 38,097 | 35,117 | 32,006 | 24,352 | |||||||||||||||
Preferred dividend requirements of consolidated subsidiaries | — | — | (1,256 | ) | (2,512 | ) | (4,123 | ) | ||||||||||||
Earnings (1) | 72,253 | 75,796 | 73,926 | 66,628 | 54,406 | |||||||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | 48,847 | 36,905 | 32,898 | 28,501 | 19,439 | |||||||||||||||
Amortization of financing fees | 1,203 | 1,192 | 963 | 993 | 790 | |||||||||||||||
Preferred stock dividends | — | — | 1,256 | 2,512 | 4,123 | |||||||||||||||
Fixed charges (2) | $ | 50,050 | $ | 38,097 | $ | 35,117 | $ | 32,006 | $ | 24,352 | ||||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends (1)/(2) | 1.44 | 1.99 | 2.11 | 2.08 | 2.23 |
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