Exhibit 12.2
| Ratio of Earnings to Fixed Charges Six Months ended June 30, | ||||||||
| 2014 | 2013 | |||||||
Earnings: | ||||||||
Income before income taxes | $ | 66,411 | $ | 56,376 | ||||
Interest expense, net | 47,674 | 49,536 | ||||||
Amortization of capitalized interest | 1,383 | 1,328 | ||||||
Amortization of debt issuance costs | 2,790 | 2,753 | ||||||
Interest component of rent expense(1) | 1,514 | 1,504 | ||||||
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Earnings available for fixed charges | $ | 119,772 | $ | 111,497 | ||||
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Fixed Charges and Preferred Dividends: | ||||||||
Interest expense, net | $ | 47,674 | $ | 49,536 | ||||
Capitalized interest | 543 | 669 | ||||||
Amortization of debt issuance cost | 2,790 | 2,753 | ||||||
Interest component of rent expense(1) | 1,514 | 1,504 | ||||||
Preferred dividends | 9,000 | 9,000 | ||||||
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Total fixed charges and preferred dividends | $ | 61,521 | $ | 63,462 | ||||
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Ratio of earnings over fixed charges and preferred dividends | 1.95 | 1.76 | ||||||
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| (1) | A reasonable approximation (one-third) is deemed to be the interest factor included in rental expenses. |