EX-12.1 2 c21717exv12w1.htm EXHIBIT 12.1 Exhibit 12.1
Exhibit 12.1
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
         
    For the nine  
    months ended  
(dollars in thousands)   September 30, 2011  
Income before loss from unconsolidated entities, income taxes and noncontrolling interest
   $ 147,525  
 
        
Interest expense
        
Senior notes payable and other debt
     170,046  
Distributions from unconsolidated entities
     2,138  
 
      
Earnings
   $ 319,709  
 
      
Interest
        
Senior notes payable and other debt expense
   $ 170,046  
 
      
Fixed charges
   $ 170,046  
 
      
 
        
Ratio of Earnings to Fixed Charges
     1.88