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

    2009    2008    2007    2006    2005

Debt

    $ 382,522    $ 462,650    $ 542,549    $ 455,137    $ 400,915

Equity

      162,977      174,946      172,423      169,628      166,354

Debt to equity

      2.35      2.64      3.15      2.68      2.41