EX-12.2 7 d720532dex122.htm EX-12.2 EX-12.2

Exhibit 12.2

Computation of Ratio 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