EX-12.1 3 a10-5794_1ex12d1.htm EX-12.1

Exhibit 12.1

 

Computation of Ratio of Earnings to Fixed Charges

(dollars in thousands)

 

 

 

Three Months Ended
March 31,

 

Year Ended December 31,

 

 

 

2010

 

2009

 

2009

 

2008

 

2007

 

2006

 

2005

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

29,984

 

$

31,533

 

$

109,715

 

$

106,511

 

$

85,303

 

$

66,101

 

$

63,912

 

Fixed charges

 

18,414

 

10,776

 

56,404

 

40,154

 

37,755

 

47,020

 

46,633

 

Adjusted earnings

 

$

48,398

 

$

42,309

 

$

166,119

 

$

146,665

 

$

123,058

 

$

113,121

 

$

110,545

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

18,414

 

$

10,776

 

$

56,404

 

$

40,154

 

$

37,755

 

$

47,020

 

$

46,633

 

Ratio of earnings to fixed charges

 

2.6x

 

3.9x

 

2.9x

 

3.7x

 

3.3x

 

2.4x

 

2.4x