EX-12.1 4 dex121.htm STATEMENTS REGARDING COMPUTATION OF RATIOS Statements regarding computation of ratios

Exhibit 12.1

     For the nine months ended
September 30,
  

For the years ended

December 31,

    

2006

  

2005

   2005    2004    2003    2002    2001

Net income from continuing operations as adjusted for minority interest

   $ 58,120,116    $ 55,555,747    $ 75,074,418    $ 63,098,156    $ 45,379,369    $ 41,390,254    $ 20,993,570

Add back fixed charges:

                    

Interest expense

     20,533,044      8,498,341      13,010,727      5,435,623      4,642,309      5,918,597      7,660,119

Earnings before fixed charges and preferred dividends

     78,653,160      64,054,088      88,085,145      68,533,779      50,021,678      47,308,851      28,653,689

Fixed charges and preferred dividends

                    

Interest expense

     20,533,044      8,498,341      13,010,727      5,435,623      4,642,309      5,918,597      7,660,119

Preferred dividends

     7,556,865      7,556,865      10,075,820      5,279,152      —        —        —  
                                                

Subtotal

   $ 28,089,909    $ 16,055,206    $ 23,086,547    $ 10,714,775    $ 4,642,309    $ 5,918,597    $ 7,660,119

Ratio of earnings to fixed charges and preferred dividends

     2.80x      3.99x      3.82x      6.40x      10.78x      7.99x      3.74x