EX-12.1 6 d29896_ex12-1.htm EX-12.1 Exhibit 12

Exhibit 12.1


Computation of Ratio of Earnings to

 Combined Fixed Charges and Preferred Dividends


 

Nine Months Ended

 

Year Ended

 

2012

2011

 

2011

2010

2009

2008

2007

 

 

 

 

 

 

 

 

 

Earnings

 

 

 

 

 

 

 

 

Income from Continuing Operations

 $     21,584

 $     24,547

 

 $     31,556

 $     27,641

 $     28,202

 $     28,023

 $     32,912

Add: Interest Expense

 $       6,637

 $       5,858

 

 $       7,865

 $       7,585

 $       6,695

 $       7,012

 $       7,773

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Earnings

 $     28,221

 $     30,405

 

 $     39,421

 $     35,226

 $     34,897

 $     35,035

 $     40,685

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

Interest Expense

 $       6,637

 $       5,858

 

 $       7,865

 $       7,585

 $       6,695

 $       7,012

 $       7,773

Preferred Stock Dividends

 $       9,820

 $       9,820

 

 $     13,094

 $     13,094

 $     13,094

 $     11,718

 $       9,342

Total Fixed Charges

 $     16,457

 $     15,678

 

 $     20,959

 $     20,679

 $     19,789

 $     18,730

 $     17,115

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

            4.25

            5.19

 

            5.01

            4.64

            5.21

            5.00

            5.23

Ratio of Earnings to Combined Fixed Charges and Preferred Dividends

            1.71

            1.94

 

            1.88

            1.70

            1.76

            1.87

            2.38