EX-12.1 2 mtz06301310-qex121.htm EXHIBIT MTZ 06.30.13 10-Q EX 12.1




Exhibit 12.1



COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollar amounts in thousands)


 
For the Six Months Ended June 30,
 
2013
 
2012
 
 
 
 
Income from continuing operations before provision for income taxes
$
88,975

 
$
70,610

 
 
 
 
Plus: Fixed charges
55,201

 
51,582

Less: Undistributed earnings (losses) from equity method investees
—

 
—

Total earnings
$
144,176

 
$
122,192

 
 
 
 
Fixed charges:
 
 
 
Interest expense
$
22,080

 
$
18,639

Estimate of interest expense within rental expense
33,121

 
32,943

Total fixed charges
$
55,201

 
$
51,582

 
 
 
 
Ratio of earnings to fixed charges
2.6

 
2.4