EX-12.1 4 a2189623zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1


COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 
  Year ended December 31
(dollar amounts in thousands)
   
 
 
  Nine Months Ended
September 30,
2008
 
 
  2003   2004   2005   2006   2007  

Earnings

                                     
 

Income from Continuing Operations

    (1,910 )   (2.429 )   (2,984 )   (17,751 )   (21,246 )   (11,367 )
 

Fixed Charges

    200     592     1,145     16,171     34,526     23,222  
 

Distributions from Equity Investees

    49,820     57,563     53,134     62,488     110,247     92,454  
 

Total Earnings

    48,110     55,726     51,295     60,908     123,527     104,309  

Fixed Charges

                                     
 

Interest expense

    200     592     1,145     16,171     34,526     23,222  
 

Total Fixed Charges

    200     592     1,145     16,171     34,526     23,222  

Ratio: Earnings/Fixed Charges

    240.6x     94.1x     44.8x     3.8x     3.6x     4.5x  
                           



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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES