EX-12.1 2 l30276aexv12w1.htm EX-12.1 EX-12.1
 

Exhibit 12.1
Statement Re: Computation of Earnings to
Combined Fixed Charges and Preferred Stock Dividends
Amounts in thousands
                                         
    Year ended December 31,  
    2007     2006     2005     2004     2003  
Earnings:
                                        
Income from continuing operations before minority interest in consolidated subsidiaries and income or loss from equity investees
   $ 41,726     $ 38,872     $ 36,117     $ 32,033     $ 29,190  
Fixed charges
     35,117       32,006       24,352       25,296       25,534  
Preferred dividend requirements of consolidated subsidiaries
     (1,256 )     (2,512 )     (4,123 )     (7,168 )     (8,818 )
 
                              
Earnings (1)
     75,587       68,366       56,346       50,161       45,906  
 
                                        
Fixed charges:
                                        
Interest expense
     32,898       28,501       19,439       17,408       15,102  
Amortization of financing fees
     963       993       790       720       1,614  
Preferred stock dividends
     1,256       2,512       4,123       7,168       8,818  
 
                              
Fixed charges (2)
   $ 35,117     $ 32,006     $ 24,352     $ 25,296     $ 25,534  
 
                                        
Ratio of earnings to combined fixed charges and preferred stock dividends (1)/(2)
     2.15       2.14       2.31       1.98       1.80  

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