| 2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||||
Net Earnings, before Extraordinary Item |
$ | 74,615,024 | $ | 64,933,739 | $ | 53,472,592 | $ | 48,058,349 | $ | 28,963,548 | ||||||||||
Fixed Charges: |
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Interest on Indebtedness |
37,034,923 | 33,453,678 | 28,356,201 | 27,239,152 | 25,522,640 | |||||||||||||||
Amortization of Discount Relating to Indebtedness |
104,463 | 122,859 | 146,195 | 127,375 | 107,201 | |||||||||||||||
Amortization of Treasury Lock Gain |
(325,945 | ) | (456,669 | ) | (596,741 | ) | (554,527 | ) | (515,299 | ) | ||||||||||
Amortization of Deferred Charges |
1,507,466 | 1,260,198 | 1,334,224 | 963,438 | 817,170 | |||||||||||||||
| 38,320,906 | 34,380,066 | 29,239,879 | 27,775,438 | 25,931,712 | ||||||||||||||||
Net Earnings Before Fixed Charges |
$ | 112,935,930 | $ | 99,313,805 | $ | 82,712,471 | $ | 75,833,787 | $ | 54,895,260 | ||||||||||
Divided by Fixed Charges |
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Fixed Charges |
$ | 38,320,906 | $ | 34,380,066 | $ | 29,239,879 | $ | 27,775,438 | $ | 25,931,712 | ||||||||||
Capitalized and Deferred Interest |
2,563,035 | 270,879 | 102,544 | (599,902 | ) | 451,624 | ||||||||||||||
| $ | 40,883,941 | $ | 34,650,945 | $ | 29,342,423 | $ | 27,175,536 | $ | 26,383,336 | |||||||||||
Ratio of Net Earnings to Fixed Charges |
2.76 | 2.87 | 2.82 | 2.79 | 2.08 | |||||||||||||||
Preferred Stock Dividends |
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Series A Preferred Stock |
$ | 4,008,575 | $ | 4,008,378 | $ | 4,007,532 | $ | 4,009,554 | $ | — | ||||||||||
Series B Convertible Preferred Stock |
1,675,000 | 1,675,000 | 502,500 | — | — | |||||||||||||||
Total Preferred Stock Dividends |
$ | 5,683,575 | $ | 5,683,378 | $ | 4,510,032 | $ | 4,009,554 | $ | — | ||||||||||
Combined Fixed Charges and Preferred Stock Dividends |
$ | 46,567,517 | $ | 40,334,323 | $ | 33,852,455 | $ | 31,185,090 | $ | 26,383,336 | ||||||||||
Ratio of Net Earnings to Combined Fixed Charges and
Preferred Stock Dividends |
2.43 | 2.46 | 2.44 | 2.43 | 2.08 | |||||||||||||||