Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
3Q 2005 |
3Q 2004 |
YTD 2005 |
YTD 2004 |
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Income from continuing operations |
$ | 10,523 | $ | 9,764 | $ | 29,376 | $ | 30,253 | ||||||||
Additions: |
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Fixed charges |
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Interest expense |
9,798 | 8,760 | 27,668 | 25,949 | ||||||||||||
Capitalized interest |
289 | 156 | 729 | 488 | ||||||||||||
10,087 | 8,916 | 28,397 | 26,437 | |||||||||||||
Deductions: |
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Capitalized interest |
(289 | ) | (156 | ) | (729 | ) | (488 | ) | ||||||||
Adjusted earnings |
$ | 20,321 | $ | 18,524 | $ | 57,044 | $ | 56,202 | ||||||||
Fixed Charges (from above) |
$ | 10,087 | $ | 8,916 | $ | 28,397 | $ | 26,437 | ||||||||
Ratio of Earnings to Fixed Charges |
2.01 | x | 2.08 | x | 2.01 | x | 2.13 | x |