| Six Months Ended | ||||||||||||||||||||||||||||
| June 30, | ||||||||||||||||||||||||||||
| 2010 | 2009 | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||||
| EARNINGS (LOSS) | ||||||||||||||||||||||||||||
| Pretax income (loss) from continuing operations | $ | 2,600,778 | $ | (1,666,708 | ) | $ | 326,391 | $ | 932,392 | $ | 4,672,612 | $ | 4,009,595 | $ | 4,206,254 | |||||||||||||
| Add: Fixed charges excluding capitalized interest | 133,364 | 136,238 | 285,816 | 214,288 | 258,221 | 178,399 | 138,399 | |||||||||||||||||||||
| Adjusted Earnings (Loss) | $ | 2,734,142 | $ | (1,530,470 | ) | $ | 612,207 | $ | 1,146,680 | $ | 4,930,833 | $ | 4,187,994 | $ | 4,344,653 | |||||||||||||
| FIXED CHARGES AND PREFERRED STOCK DIVIDENDS | ||||||||||||||||||||||||||||
| Interest expense including capitalized interest (1) | $ | 151,492 | $ | 156,277 | $ | 309,619 | $ | 280,457 | $ | 308,235 | $ | 217,454 | $ | 175,419 | ||||||||||||||
| Amortization of debt expense | 2,782 | 2,773 | 5,553 | 3,689 | 3,310 | 2,048 | 3,748 | |||||||||||||||||||||
| Interest component of lease rental expenditures (2) | 14,442 | 8,169 | 31,197 | 24,306 | 22,424 | 20,198 | 16,220 | |||||||||||||||||||||
| Fixed charges | 168,716 | 167,219 | 346,369 | 308,452 | 333,969 | 239,700 | 195,387 | |||||||||||||||||||||
| Preferred stock dividend requirements (3) | — | 3,607 | 12,105 | 7,438 | 9,437 | 8,922 | 9,105 | |||||||||||||||||||||
| Combined Fixed Charges and Preferred Stock Dividends (1) | $ | 168,716 | $ | 170,826 | $ | 358,474 | $ | 315,890 | $ | 343,406 | $ | 248,622 | $ | 204,492 | ||||||||||||||
| Ratio of Earnings to Fixed Charges | 16.21 | — | 1.77 | 3.72 | 14.76 | 17.47 | 22.24 | |||||||||||||||||||||
| Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends | 16.21 | — | 1.71 | 3.63 | 14.36 | 16.84 | 21.25 | |||||||||||||||||||||
| (1) | Interest expense related to the provisions for uncertainty in income taxes under ASC Topic 740, “Income Taxes” is not included in the computation of ratios of earnings to fixed charges and combined fixed charges and preferred stock dividends. | |
| (2) | Represents the portion of rental expense assumed to be attributable to interest factors of related rental obligations determined at interest rates appropriate for the period during which the rental obligations were incurred. Approximately 32 to 34 percent applies to rental payments for all periods presented. | |
| (3) | The Company does not receive a tax benefit for its preferred stock dividends. This amount represents the pre-tax earnings that would be required to cover its preferred stock dividends. |
