EX-12.1 3 dex121.htm COMPUTATION OF RATIO OF DEBT TO EQUITY Computation of ratio of debt to equity

EXHIBIT 12.1

Computation of Ratio of Debt to Equity

 

     Year ended December 31,

Dollars in thousands

    2008    2007    2006    2005    2004

Debt

    $ 462,650    $ 542,549    $ 455,137    $ 400,915    $ 339,395

Equity

      174,946      172,423      169,628      166,354      170,461

Debt to equity

      2.64      3.15      2.68      2.41      1.99