EX-12 2 dex12.htm COMPUTATION OF RATIOS Computation of Ratios

Exhibit 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     3Q 2006     3Q 2005     YTD 2006     YTD 2005  

Income from continuing operations

    10,190     10,483     28,468     29,251  

Additions:

         

Fixed charges

         

Interest expense

    12,527     9,798     34,453     27,668  

Capitalized interest

    1,038     289     2,508     729  
                        
   13,565     10,087     36,961     28,397  

Deductions:

         

Capitalized interest

    (1,038 )   (289 )   (2,508 )   (729 )
                        

Adjusted earnings

    22,717     20,281     62,921     56,919  
                        

Fixed Charges (from above)

    13,565     10,087     36,961     28,397  

Ratio of Earnings to Fixed Charges

    1.67     2.01     1.70     2.00