STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES | ||||
(dollars in thousands) | For the Six Months Ended June 30, 2013 | |||
Income before income from unconsolidated entities, income taxes, discontinued operations and noncontrolling interest | $ | 240,750 | ||
Interest expense | ||||
Senior notes payable and other debt | 162,452 | |||
Distributions from unconsolidated entities | 3,723 | |||
Earnings | $ | 406,925 | ||
Interest | ||||
Senior notes payable and other debt expense | $ | 162,452 | ||
Interest capitalized | 494 | |||
Fixed charges | $ | 162,946 | ||
Ratio of Earnings to Fixed Charges | 2.50 | |||