Exhibit 12.1
| Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Dividends | ||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||
| 2013 | 2012 | 2013 | 2012 | |||||||||||
| (In thousands, except ratio computation) | ||||||||||||||
| Pretax gain from continuing operations before adjustment for noncontrolling interest | $4,957 | $2,909 | $14,123 | $6,130 | ||||||||||
| Add back: | ||||||||||||||
| Fixed charges | 8,663 | 7,088 | 23,303 | 21,581 | ||||||||||
| Distributed income of equity investees | 400 | 679 | 2,198 | 3,301 | ||||||||||
| Deduct: | ||||||||||||||
| Equity in earnings of equity investees | (387 | ) | (1,008 | ) | 5,027 | (2,084 | ) | |||||||
| Capitalized interest | (313 | ) | (245 | ) | (770 | ) | (758 | ) | ||||||
| Earnings as Defined | $13,320 | $9,423 | $43,881 | $28,170 | ||||||||||
| Fixed Charges | ||||||||||||||
| Interest expense including amortization of deferred financing fees | $8,297 | $6,784 | $22,353 | $20,616 | ||||||||||
| Capitalized interest | 313 | 245 | 770 | 758 | ||||||||||
| Interest portion of rent expense | 53 | 59 | 180 | 207 | ||||||||||
| Fixed Charges | 8,663 | 7,088 | 23,303 | 21,581 | ||||||||||
| Preferred share dividends | 1,813 | 1,813 | 5,438 | 5,438 | ||||||||||
| Combined Fixed Charges and Preferred Dividends | $10,476 | $8,901 | $28,741 | $27,019 | ||||||||||
| Ratio of Earnings to Combined Fixed Charges and Preferred Dividends | 1.27 | 1.06 | 1.53 | 1.04 | ||||||||||