Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| 2003 |
2002 |
2001 | |||||||||
| Income from continuing operations |
$ | 44,887 | $ | 48,080 | $ | 47,425 | |||||
| Additions: |
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| Fixed charges |
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| Interest expense |
30,040 | 27,849 | 27,071 | ||||||||
| Capitalized interest |
248 | 120 | — | ||||||||
| 30,288 | 27,969 | 27,071 | |||||||||
| Deductions: |
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| Capitalized interest |
(248 | ) | (120 | ) | — | ||||||
| Adjusted earnings |
$ | 74,927 | $ | 75,929 | $ | 74,496 | |||||
| Fixed Charges (from above) |
30,288 | 27,969 | 27,071 | ||||||||
| Ratio of Earnings to Fixed Charges |
2.47x | 2.71x | 2.75x | ||||||||