EX-12.1 4 d451979dex121.htm EX-12.1

EX-12.1

Exhibit 12.1

(dollars in thousands)		Nine months ended September 30,				Year ended December 31,
		2012				2011				2010				2009				2008				2007
Income before income taxes		$	43,195			$	33,718			$	62,278			$	46,163			$	66,007			$	89,550
Fixed charges (interest expense)			327				856				862				798				1,582				1,526
Earnings		$	43,522			$	34,574			$	63,140			$	46,961			$	67,589			$	91,076
Ratio of earnings to fixed charges			133.09				40.39				73.25				58.85				42.72				59.68
Preferred stock dividends
Series A preferred stock		$	15			$	20			$	20			$	27			$	50			$	50
Series M preferred stock			14				18				18				18				18				18
Total		$	29			$	38			$	38			$	45			$	68			$	68
Combined fixed charges and preferred stock dividends		$	356			$	894			$	900			$	843			$	1,650			$	1,594
Ratio of combined fixed charges and preferred stock dividends to earnings			0.01				0.03				0.01				0.02				0.02				0.02