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, | ||||||||||||||||||||
2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Income from continuing operations before minority interest in consolidated subsidiaries and income or loss from equity investees | $ | 41,726 | $ | 38,872 | $ | 36,117 | $ | 32,033 | $ | 29,190 | ||||||||||
Fixed charges | 35,117 | 32,006 | 24,352 | 25,296 | 25,534 | |||||||||||||||
Preferred dividend requirements of consolidated subsidiaries | (1,256 | ) | (2,512 | ) | (4,123 | ) | (7,168 | ) | (8,818 | ) | ||||||||||
Earnings (1) | 75,587 | 68,366 | 56,346 | 50,161 | 45,906 | |||||||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | 32,898 | 28,501 | 19,439 | 17,408 | 15,102 | |||||||||||||||
Amortization of financing fees | 963 | 993 | 790 | 720 | 1,614 | |||||||||||||||
Preferred stock dividends | 1,256 | 2,512 | 4,123 | 7,168 | 8,818 | |||||||||||||||
Fixed charges (2) | $ | 35,117 | $ | 32,006 | $ | 24,352 | $ | 25,296 | $ | 25,534 | ||||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends (1)/(2) | 2.15 | 2.14 | 2.31 | 1.98 | 1.80 |
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