EX-12 4 dex12.htm EXHIBIT 12 Exhibit 12

Exhibit 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     2Q 2006     2Q 2005     YTD 2006     YTD 2005  

Income from continuing operations

    7,682     8,973     18,280     18,769  

Additions:

         

Fixed charges

         

Interest expense

    11,604     9,283     21,926     17,870  

Capitalized interest

    769     234     1,470     441  
                        
   12,373     9,517     23,396     18,311  

Deductions:

         

Capitalized interest

    (769 )   (234 )   (1,470 )   (441 )
                        

Adjusted earnings

    19,286     18,256     40,206     36,639  
                        

Fixed Charges (from above)

    12,373     9,517     23,396     18,311  

Ratio of Earnings to Fixed Charges

    1.56     1.92     1.72     2.00