Exhibit 12

 

COMPUTATION OF RATIO OF EARNINGS FIXED CHARGES

 

     2005

    2004

    2003

 

Income from continuing operations

   40,443     40,641     40,558  

Additions:

                  

Fixed charges

                  

Interest expense

   37,743     34,500     30,040  

Capitalized interest

   1,127     703     248  
    

 

 

     38,870     35,203     30,288  

Deductions:

                  

Capitalized interest

   (1,127 )   (703 )   (248 )
    

 

 

Adjusted earnings

   78,186     75,141     70,598  
    

 

 

Fixed Charges (from above)

   38,870     35,203     30,288  

Ratio of Earnings to Fixed Charges

   2.01     2.13     2.33