EX-12.1 2 a2204995zex-12_1.htm EX-12.1
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Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except ratios)

 
  Six
Months
Ended
June 30,
2011
   
   
   
   
   
 
 
  For the Year Ended  
 
  12/31/2010   12/31/2009   12/31/2008   12/31/2007   12/13/2006  

Pre-tax income from continuing operations

  $ 83,607   $ 136,492   $ 67,888   $ 190,193   $ 195,616   $ 158,191  

Interest expense

    33,367     66,541     50,738     26,209     17,287     10,247  

Amortization of Capitalize Interest

    868                                

Capitalized interest

    18,664     28,321     30,107     23,209     18,104     9,339  
                           

Earnings

  $ 117,843   $ 203,033   $ 118,626   $ 216,402   $ 212,903   $ 168,438  
                           
 

Ratio of earnings to fixed charges

    2.26     2.14     1.47     4.38     6.02     8.60  

        For purposes of this table, "earnings" consists of income before income taxes from continuing operations plus fixed charges and less capitalized interest. "Fixed charges" consists of interest expense and capitalized interest (for both continuing and discontinued operations).




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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (in thousands, except ratios)