Exhibit 12
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
Quarter Ended
(in thousands) Year Ended September 30, December 31
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2000 2001 2002 2003 2004 2004
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Fixed Charges Computation
Interest expensed and capitalized $ 3,603 $ 145 $ 417 $ 12,060 $ 13,857 $ 14,050
Amortized premiums, discounts, and capitalized expenses
related to indebtedness 3,034 79 136 3,857 6,031 1,941
Reasonable approximation of interest within rental expense 26 20 72 1,139 1,462 541
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Total Fixed Charges 6,663 244 625 17,056 21,350 16,532
Preferred equity dividends 378 113 - - - -
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Total Fixed Charges and Preferred Equity Dividends $ 7,041 $ 357 $ 625 $ 17,056 $ 21,350 $ 16,532
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Earnings Computation
Pre-tax income from continuing operations before adjustment
for minority interests in consolidated subsidiaries or
income or loss from equity investees $ 8,642 $ 14,468 $ 40,236 $ 60,081 $ 105,107 $ 20,008
Plus
Fixed charges 7,041 357 625 17,056 21,350 16,532
Minus
Interest capitalized - - - 230 435 127
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Total Earnings $ 15,683 $ 14,825 $ 40,861 $ 76,907 $ 126,022 $ 36,413
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Ratio of Earnings to Combined Fixed Charges and
Preferred Stock Dividends 2.23 41.53 65.38 4.51 5.90 2.20