Three months | Six months | |||||||||||||||||||||||||||
ended | ended | Year ended December 31, | ||||||||||||||||||||||||||
June 30, 2006 | June 30, 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||||||||||
Earnings
(1): |
||||||||||||||||||||||||||||
Income before income tax expense |
9,760 | 11,138 | 47,229 | 43,111 | 32,315 | 31,641 | 24,693 | |||||||||||||||||||||
Fixed charges expensed and capitalized |
5,021 | 9,770 | 18,790 | 18,833 | 19,682 | 18,491 | 17,113 | |||||||||||||||||||||
Capitalized interest |
-625 | -850 | -900 | -824 | -1,995 | -1,473 | -858 | |||||||||||||||||||||
Preferred dividend requirement |
-38 | -76 | -153 | -153 | -153 | -153 | -153 | |||||||||||||||||||||
14,118 | 19,982 | 64,967 | 60,967 | 49,849 | 48,507 | 40,795 | ||||||||||||||||||||||
Fixed Charges: |
||||||||||||||||||||||||||||
Interest expensed and capitalized, and
amortization of capitalized expense
related to indebtedness |
4,970 | 9,667 | 18,600 | 18,664 | 19,512 | 18,314 | 16,888 | |||||||||||||||||||||
Estimated interest component of rent expense |
13 | 27 | 38 | 16 | 17 | 24 | 72 | |||||||||||||||||||||
Preferred dividend requirement |
38 | 76 | 153 | 153 | 153 | 153 | 153 | |||||||||||||||||||||
5,021 | 9,770 | 18,790 | 18,833 | 19,682 | 18,491 | 17,113 | ||||||||||||||||||||||
Ratio of earnings to fixed charges
including preferred stock dividends |
2.81 | 2.05 | 3.46 | 3.24 | 2.53 | 2.62 | 2.38 |
(1) | As defined by Item 503(d) of Regulation S-K |