EX-12 2 exhibit12earningstofixedchar.htm POST EFFECTIVE AMENDMENT NO. 3 - EXHIBIT 12 Converted by EDGARwiz


Exhibit 12




RATIO OF EARNINGS TO FIXED CHARGES



 

2009

2008

2007

2006

2005

 

(In thousands, except ratio data)

Income before income taxes

$

11,050

$

13,761

$

15,754

$

11,023

$

7,621

 

 

 

 

 

 

Interest on indebtedness

13,682

14,728

15,746

11,994

8,016

 

 

 

 

 

 

Portion of rents representative

 

 

 

 

 

of the interest factor

1,576

1,498

1,396

1,249

1,161

 

 

 

 

 

 

Earnings as adjusted

$

26,308

$

29,987

$

32,896

$

24,266

$

16,798

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness

$

13,681

$

14,728

$

15,746

$

11,994

$

 8,016

 

 

 

 

 

 

Portion of rents representative

 

 

 

 

 

of the interest factor

1,576

1,498

1,396

1,249

1,161

 

 

 

 

 

 

Fixed charges

$15,257

$16,226

$17,142

$13,243

$

 9,177

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings

 

 

 

 

 

to fixed charges

1.72

1.85

1.92

1.83

1.83