EX-12 2 ff_ex12.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges


Exhibit 12




RATIO OF EARNINGS TO FIXED CHARGES



 

2012

2011

2010

2009

2008

 

(In thousands, except ratio data)

Income before income taxes

$

36,663

$

32,229

$

23,423

$

11,050

$

13,891

 

 

 

 

 

 

Interest on indebtedness

11,394

11,641

12,439

13,682

14,728

 

 

 

 

 

 

Portion of rents representative

 

 

 

 

 

of the interest factor

1,739

1,670

1,589

1,576

1,498

 

 

 

 

 

 

Earnings as adjusted

$

49,796

$

45,540

$

37,451

$

26,308

$

30,117

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness

$

11,394

$

11,641

$

12,439

$

13,681

$

14,728

 

 

 

 

 

 

Portion of rents representative

 

 

 

 

 

of the interest factor

1,739

1,670

1,589

1,576

1,498

 

 

 

 

 

 

Fixed charges

$13,133

$13,311

$14,028

$15,257

$16,226

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings

 

 

 

 

 

to fixed charges

3.79

3.42

2.67

1.72

1.86