EX-12.1 15 a2166233zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

		For the year ended December 31,											For the nine months ended September 30, 2005
		2000			2001		2002		2003		2004		For the nine months ended September 30, 2005
		(dollars in thousands)
Income (loss) before gain on disposal of real estate assets, discontinued operations, provision for income taxes and extraordinary loss		$	(70,136	)	$	48,687	$	34,685	$	96,135	$	100,173	$	83,537
Interest Expense
	Notes payable and other debt		86,803			79,595		72,384		61,660		66,817		72,515
	United States Settlement		—			4,592		5,461		4,943		—		—

	Earnings	$	16,667		$	132,874	$	112,530	$	162,738	$	166,990	$	156,052

Interest Expense
	Notes payable and other debt	$	86,803		$	79,595	$	72,384	$	61,660	$	66,817	$	72,515
	United States Settlement		—			4,592		5,461		4,943		—		—

	Fixed Charges	$	86,803		$	84,187	$	77,845	$	66,603	$	66,817	$	72,515

	Ratio of Earnings to Fixed Charges and preferred stock dividends(a)		—			1.58		1.45		2.44		2.50		2.15

(a): Earnings were insufficient to cover fixed charges by $69.7 million in 2000. Earnings in 2000 were reduced by $96.5 million for the United States Settlement.