Three Months Ended March 31, | |||||||
2017 | 2016 | ||||||
Net income | $ | 6,615 | $ | 2,379 | |||
Additions: | |||||||
Fixed charges | |||||||
Interest expense | 11,405 | 14,360 | |||||
Capitalized interest | 216 | 123 | |||||
11,621 | 14,483 | ||||||
Deductions: | |||||||
Capitalized interest | (216 | ) | (123 | ) | |||
Net loss attributable to noncontrolling interests | 19 | 5 | |||||
Adjusted earnings | 18,039 | 16,744 | |||||
Fixed charges (from above) | $ | 11,621 | $ | 14,483 | |||
Ratio of earnings to fixed charges | 1.55 | 1.16 |