EX-12 7 dex12.htm STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Statement regarding computation of Ratios of Earnings to Fixed Charges

EXHIBIT 12

STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 

  
      For the year ended December 31,
(dollars in thousands)    2005    2004    2003    2002    2001

Income before net gain or loss on real estate disposals, discontinued operations, provision for income taxes and extraordinary loss

   $ 125,422    $ 100,220    $ 96,135    $ 34,685    $ 48,687

Interest Expense

              

Senior notes payable and other debt

     105,581      66,105      61,660      72,384      79,595

United States Settlement

     —        —        4,943      5,461      4,592
                                  

Earnings

   $ 231,003    $ 166,325    $ 162,738    $ 112,530    $ 132,874
                                  

Interest Expense

              

Senior notes payable and other debt

   $ 105,581    $ 66,105    $ 61,660    $ 72,384    $ 79,595

United States Settlement

     —        —        4,943      5,461      4,592
                                  

Fixed Charges

   $ 105,581    $ 66,105    $ 66,603    $ 77,845    $ 84,187
                                  

Ratio of Earnings to Fixed Charges

     2.19      2.52      2.44      1.45      1.58