Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
2Q 2007 | 2Q 2006 | YTD 2007 | YTD 2006 | |||||||||
Income from continuing operations |
7,321 | 7,343 | 17,444 | 17,483 | ||||||||
Additions: |
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Fixed charges |
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Interest expense |
15,298 | 11,604 | 29,674 | 21,926 | ||||||||
Capitalized interest |
1,643 | 769 | 2,903 | 1,470 | ||||||||
16,941 | 12,373 | 32,577 | 23,396 | |||||||||
Deductions: |
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Capitalized interest |
(1,643 | ) | (769 | ) | (2,903 | ) | (1,470 | ) | ||||
Adjusted earnings |
22,619 | 18,947 | 47,118 | 39,409 | ||||||||
Fixed Charges (from above) |
16,941 | 12,373 | 32,577 | 23,396 | ||||||||
Ratio of Earnings to Fixed Charges |
1.34 | 1.53 | 1.45 | 1.68 |