Exhibit 12
COMPUTATION OF RATIO OF EARNINGS FIXED CHARGES
| 2004 |
2003 |
2002 |
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| Income from continuing operations |
$ | 40,865 | $ | 40,792 | $ | 41,951 | ||||||
| Additions: |
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| Fixed charges |
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| Interest expense |
34,500 | 30,040 | 27,849 | |||||||||
| Capitalized interest |
703 | 248 | 121 | |||||||||
| 35,203 | 30,288 | 27,970 | ||||||||||
| Deductions: |
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| Capitalized interest |
(703 | ) | (248 | ) | (121 | ) | ||||||
| Adjusted earnings |
$ | 75,365 | $ | 70,832 | $ | 69,800 | ||||||
| Fixed Charges (from above) |
$ | 35,203 | $ | 30,288 | $ | 27,970 | ||||||
| Ratio of Earnings to Fixed Charges |
2.14x | 2.34x | 2.50x | |||||||||