Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
1Q 2007 | 1Q 2006 | |||||
Income from continuing operations |
10,123 | 10,139 | ||||
Additions: |
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Fixed charges |
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Interest expense |
14,376 | 10,322 | ||||
Capitalized interest |
1,260 | 701 | ||||
15,636 | 11,023 | |||||
Deductions: |
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Capitalized interest |
(1,260 | ) | (701 | ) | ||
Adjusted earnings |
24,499 | 20,461 | ||||
Fixed Charges (from above) |
15,636 | 11,023 | ||||
Ratio of Earnings to Fixed Charges |
1.57 | 1.86 |