EX-12 3 dex12.htm EXHIBIT 12 Exhibit 12

Exhibit 12

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     3Q 2005
     3Q 2004
     YTD 2005
     YTD 2004
  

Income from continuing operations

    $ 10,523     $ 9,764     $ 29,376     $ 30,253  

Additions:

                                 

Fixed charges

                                 

Interest expense

      9,798       8,760       27,668       25,949  

Capitalized interest

      289       156       729       488  
    
 
 
 
       10,087       8,916       28,397       26,437  

Deductions:

                                 

Capitalized interest

      (289 )     (156 )     (729 )     (488 )
    
 
 
 

Adjusted earnings

    $ 20,321     $ 18,524     $ 57,044     $ 56,202  
    
 
 
 

Fixed Charges (from above)

    $ 10,087     $ 8,916     $ 28,397     $ 26,437  

Ratio of Earnings to Fixed Charges

      2.01 x     2.08 x     2.01 x     2.13 x