EX-12.1 7 mtz06301410-qex121.htm EXHIBIT MTZ 06.30.14 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,
 
2014
 
2013
Earnings:
 
 
 
Income from continuing operations before income taxes
$
77,884

 
$
88,975

Add: Fixed charges
65,514

 
55,544

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

 
—

Total earnings
$
143,398

 
$
144,519

Fixed charges:
 
 
 
Interest expense
$
25,017

 
$
22,080

Estimate of interest expense within rental expense
40,497

 
33,464

Total fixed charges
$
65,514

 
$
55,544

Ratio of earnings to fixed charges
2.2

 
2.6