Exhibit 12

 

COMPUTATION OF RATIO OF EARNINGS FIXED CHARGES

 

     2005
     2004
     2003
  

Income from continuing operations

    40,443     40,641     40,558  

Additions:

                   

Fixed charges

                   

Interest expense

    37,743     34,500     30,040  

Capitalized interest

    1,127     703     248  
    
 
 
     38,870     35,203     30,288  

Deductions:

                   

Capitalized interest

    (1,127 )   (703 )   (248 )
    
 
 

Adjusted earnings

    78,186     75,141     70,598  
    
 
 

Fixed Charges (from above)

    38,870     35,203     30,288  

Ratio of Earnings to Fixed Charges

    2.01     2.13     2.33