Exhibit 12
Calculation of Ratio of Earnings to Fixed Charges and Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(Dollars in thousands)
|
| Six |
| Year Ended December 31, |
| ||||||||
|
| 2016 |
| 2015 |
| 2014 |
| 2013 |
| 2012 |
| 2011 |
|
Net income (loss) from continuing operations before income taxes and noncontrolling interest |
| 103,116 |
| 215,929 |
| 193,558 |
| 187,600 |
| 89,328 |
| 100,989 |
|
Financing interest expense on senior secured credit facility |
| 14,176 |
| 29,254 |
| 30,894 |
| 24,646 |
| 26,460 |
| 14,608 |
|
Earnings available for fixed charges |
| 117,292 |
| 245,183 |
| 224,452 |
| 212,246 |
| 115,788 |
| 115,597 |
|
Fixed charges |
| 14,176 |
| 29,254 |
| 30,894 |
| 24,646 |
| 26,460 |
| 14,608 |
|
Ratio of earnings to fixed charges |
| 8.3x |
| 8.4x |
| 7.3x |
| 8.6x |
| 4.4x |
| 7.9x |
|