| Nine Months | ||||||||||||||||||||||||
| Ended | ||||||||||||||||||||||||
| September 30, | Year Ended December 31, | |||||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Earnings | ||||||||||||||||||||||||
| Income (loss) from continuing operations before provision for income taxes | $ | (203,809 | ) | $ | 92,349 | $ | 2,127 | $ | 28,337 | $ | 1,653 | $ | 3,973 | |||||||||||
| Amount recorded for (income) loss in unconsolidated joint venture | (1,863 | ) | 2,205 | — | — | — | — | |||||||||||||||||
| Add: | ||||||||||||||||||||||||
| Distributions from equity investment in joint venture | 667 | 1,800 | — | — | — | — | ||||||||||||||||||
| Interest on indebtedness | 103,780 | 149,859 | 129,744 | 41,155 | 28,704 | 7,843 | ||||||||||||||||||
| Amortization of debt expense and premium | 5,883 | 6,524 | 6,097 | 1,565 | 3,432 | 931 | ||||||||||||||||||
| Interest component of operating leases | 447 | 622 | 524 | 272 | 112 | 8 | ||||||||||||||||||
| $ | (94,895 | ) | $ | 253,359 | $ | 138,492 | $ | 71,329 | $ | 33,901 | $ | 12,755 | ||||||||||||
Fixed charges | ||||||||||||||||||||||||
| Interest on indebtedness | $ | 103,780 | $ | 149,859 | $ | 129,744 | $ | 41,155 | $ | 28,704 | $ | 7,843 | ||||||||||||
| Amortization of debt expense and premium | 5,883 | 6,524 | 6,097 | 1,565 | 3,432 | 931 | ||||||||||||||||||
| Interest component of operating leases | 447 | 622 | 524 | 272 | 112 | 8 | ||||||||||||||||||
| Dividends to Class B unit holders | 2,091 | 2,788 | 2,883 | 1,362 | — | — | ||||||||||||||||||
| 112,201 | 159,793 | 139,248 | 44,354 | 32,248 | 8,782 | |||||||||||||||||||
Preferred stock dividends | ||||||||||||||||||||||||
| Preferred Series A | 2,385 | 4,855 | 4,916 | 4,916 | 4,916 | 1,352 | ||||||||||||||||||
| Preferred Series B-1 | 3,128 | 5,735 | 6,256 | 5,958 | 4,387 | 3 | ||||||||||||||||||
| Preferred Series C | — | — | 5,166 | — | — | — | ||||||||||||||||||
| Preferred Series D | 8,979 | 16,052 | 7,652 | — | — | — | ||||||||||||||||||
| 14,492 | 26,642 | 23,990 | 10,874 | 9,303 | 1,355 | |||||||||||||||||||
| Combined fixed charges and preferred stock dividends | $ | 126,693 | $ | 186,435 | $ | 163,238 | $ | 55,228 | $ | 41,551 | $ | 10,137 | ||||||||||||
Ratio of earnings to fixed charges | 1.59 | 1.61 | 1.05 | 1.45 | ||||||||||||||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends | 1.36 | 1.29 | 1.26 | |||||||||||||||||||||
Deficit (Fixed charges) | $ | 207,096 | $ | 756 | ||||||||||||||||||||
Deficit (Combined fixed charges and preferred stock dividends) | $ | 221,588 | $ | 24,746 | $ | 7,650 | ||||||||||||||||||
