Three Months Ended March 31, | |||||||
2018 | 2017 | ||||||
Net income | $ | 3,299 | $ | 6,615 | |||
Additions: | |||||||
Fixed charges | |||||||
Interest expense | 12,827 | 11,405 | |||||
Capitalized interest | 372 | 216 | |||||
13,199 | 11,621 | ||||||
Deductions: | |||||||
Capitalized interest | (372 | ) | (216 | ) | |||
Net loss attributable to noncontrolling interests | — | 19 | |||||
Adjusted earnings | 16,126 | 18,039 | |||||
Fixed charges (from above) | $ | 13,199 | $ | 11,621 | |||
Ratio of earnings to fixed charges | 1.22 | 1.55 |