Exhibit 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     2003

    2002

    2001

Income from continuing operations

   $ 44,887     $ 48,080     $ 47,425

Additions:

                      

Fixed charges

                      

Interest expense

     30,040       27,849       27,071

Capitalized interest

     248       120       —  
    


 


 

       30,288       27,969       27,071

Deductions:

                      

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