EX-12.1 3 d263500dex121.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

RATIO OF EARNINGS TO FIXED CHARGES

 

     Year Ended
December 31,

2011
    Seven Months
Ended
December 31,

2010
   

 

Year Ended May 31,

 

(In thousands)

       2010     2009     2008     2007  

Income (loss) before income taxes

     $117,479        ($2,959     $103,536        $44,398        $40,154        $6,014   

Plus fixed charges:

            

Interest expense

     13,546        7,796        1,481        1,692        296        272   

Debt cost amortization

     5,264        1,891        512        470        0        0   

Write off of unamortized deferred debt issuance costs

     1,940        0        0        0        0        0   

Portion of rents representative of an appropriate interest factor

     6,734        3,664        3,439        3,295        2,990        3,379   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges(1)

     $27,484        $13,351        $5,432        $5,457        $3,286        $3,651   

Adjusted earnings(2)

     $144,963        $10,392        $108,968        $49,855        $43,440        $9,665   

Ratio (2 divided by 1)

     5.3        0.8        20.1        9.1        13.2        2.6   

Fixed charges deficiency

     $0        $2,959        $0        $0        $0        $0   

Rent Expense

     $20,223        $11,003        $10,328        $9,895        $8,980        $10,148   

Interest Factor at 33.3%

     33.3     33.3     33.3     33.3     33.3     33.3
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Portion of rents representative of an appropriate interest factor

     $6,734        $3,664        $3,439        $3,295        $2,990        $3,379