EX-12 4 exhibit12earningstofixedchar.htm FORM S-1 EXHIBIT 12 Converted by EDGARwiz


Exhibit 12




RATIO OF EARNINGS TO FIXED CHARGES



 

2010

2009

2008

2007

2006

 

(In thousands, except ratio data)

Income before income taxes

$

23,423

$

11,050

$

13,891

$

15,754

$

11,023

 

 

 

 

 

 

Interest on indebtedness

12,439

13,682

14,728

15,746

11,994

 

 

 

 

 

 

Portion of rents representative

 

 

 

 

 

of the interest factor

1,589

1,576

1,498

1,396

1,249

 

 

 

 

 

 

Earnings as adjusted

$

37,451

$

26,308

$

30,117

$

32,896

$

24,266

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness

$

12,439

$

13,681

$

14,728

$

15,746

$

11,994

 

 

 

 

 

 

Portion of rents representative

 

 

 

 

 

of the interest factor

1,589

1,576

1,498

1,396

1,249

 

 

 

 

 

 

Fixed charges

$14,028

$15,257

$16,226

$17,142

$13,243

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings

 

 

 

 

 

to fixed charges

2.67

1.72

1.86

1.92

1.83