EX-12.1 6 d650257dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Statement Re: Computation of Earnings to

Combined Fixed Charges and Preferred Stock Dividends

Amounts in thousands

 

     Year ended December 31,  
     2013     2012     2011     2010     2009  

Earnings:

           

Income from continuing operations before noncontrolling interest in consolidated subsidiaries and income from equity investees

    $ 69,524     $ 47,185      $ 27,654     $ 30,579     $ 15,708  

Add: Income tax expense

      936       1,326       1,524       1,131       937  

Add: Fixed charges

      32,720       33,547       38,848       32,007       50,410  

Add: Distributed income of equity investees

      2,630       2,184       944       494       686  

Less: Capitalized interest

      (113 )      (149 )      (72 )      (83 )      (159 ) 

Preferred dividend requirements of consolidated subsidiaries

      —          —          —          —          —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings (1)

      105,697       84,093       68,898       64,128       67,582  

Fixed charges:

           

Interest expense

      31,166       32,330       37,365       30,681       48,847  

Amortization of financing fees

      834       836       1,184       1,030       1,203  

Capitalized interest

      113       149       72       83       159  

Estimate of interest included in rent expense

      607       232       227       213       201  

Preferred stock dividends

      —         —         —         —         —    
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed charges (2)

    $ 32,720     $ 33,547     $ 38,848     $ 32,007     $ 50,410  

Ratio of earnings to combined fixed charges and preferred stock dividends (1)/(2)

      3.23       2.51       1.77       2.00       1.34