EX-12 4 dex12.htm EXHIBIT 12 Exhibit 12

Exhibit 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     2Q 2007     2Q 2006     YTD 2007     YTD 2006  

Income from continuing operations

    7,321     7,343     17,444     17,483  

Additions:

         

Fixed charges

         

Interest expense

    15,298     11,604     29,674     21,926  

Capitalized interest

    1,643     769     2,903     1,470  
                        
   16,941     12,373     32,577     23,396  

Deductions:

         

Capitalized interest

    (1,643 )   (769 )   (2,903 )   (1,470 )
                        

Adjusted earnings

    22,619     18,947     47,118     39,409  
                        

Fixed Charges (from above)

    16,941     12,373     32,577     23,396  

Ratio of Earnings to Fixed Charges

    1.34     1.53     1.45     1.68