Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
2Q 2006 | 2Q 2005 | YTD 2006 | YTD 2005 | |||||||||
Income from continuing operations |
7,682 | 8,973 | 18,280 | 18,769 | ||||||||
Additions: |
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Fixed charges |
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Interest expense |
11,604 | 9,283 | 21,926 | 17,870 | ||||||||
Capitalized interest |
769 | 234 | 1,470 | 441 | ||||||||
12,373 | 9,517 | 23,396 | 18,311 | |||||||||
Deductions: |
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Capitalized interest |
(769 | ) | (234 | ) | (1,470 | ) | (441 | ) | ||||
Adjusted earnings |
19,286 | 18,256 | 40,206 | 36,639 | ||||||||
Fixed Charges (from above) |
12,373 | 9,517 | 23,396 | 18,311 | ||||||||
Ratio of Earnings to Fixed Charges |
1.56 | 1.92 | 1.72 | 2.00 |