Exhibit 12.1
STATEMENT REGARDING COMPUTATION OF RATIOS
3/31/2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Pre-tax income from continuing operations before minority interest | 56,981 | 240,931 | 210,368 | 161,776 | 73,144 | 94,735 | ||||||||||||||||||
Equity loss (income) | 3 | -229 | -229 | -127 | 300 | 631 | ||||||||||||||||||
Fixed charges | 18,863 | 76,302 | 72,161 | 72,578 | 73,830 | 79,033 | ||||||||||||||||||
Distributed income of equity investees | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||
Less capitalized interest | -303 | -13,526 | -7,613 | -4,658 | -4,543 | -5,839 | ||||||||||||||||||
Earnings, as defined | 75,544 | 303,478 | 274,687 | 229,569 | 142,731 | 168,560 | ||||||||||||||||||
Interest expense | 17,666 | 58,964 | 60,617 | 63,487 | 63,946 | 66,444 | ||||||||||||||||||
Capitalized interest | 303 | 13,526 | 7,613 | 4,658 | 4,543 | 5,839 | ||||||||||||||||||
Amortization of debt premium and issuance costs | 894 | 3,812 | 3,931 | 4,433 | 5,341 | 6,750 | ||||||||||||||||||
Fixed charges, as defined | 18,863 | 76,302 | 72,161 | 72,578 | 73,830 | 79,033 | ||||||||||||||||||
Ratio of earnings to fixed charges | 4.0 | 4.0 | 3.8 | 3.2 | 1.9 | 2.1 |