Ratio of Earnings to Fixed Charges

(Unaudited)

For the Year Ended December 31,

$s in thousands

2017

2016

2015

2014

2013

Earnings (as defined):

Earnings before income taxes

$

42,970

$

55,301

$

46,855

$

61,050

$

50,147

Fixed Charges

18,282

17,517

23,556

10,732

856

Earnings

$

61,252

$

72,818

$

70,411

$

71,782

$

51,003

Fixed Charges (as defined):

Interest Expense

$

18,157

$

17,317

$

23,370

$

10,677

$

828

Estimated Interest within rental expense

125

200

186

55

28

Fixed Charges

$

18,282

$

17,517

$

23,556

$

10,732

$

856

Ratio of earnings to fixed charges

3.4

4.2

3.0

6.7

59.6