EX-12.1 3 mtz09301410-qex121.htm EXHIBIT MTZ 09.30.14 10-Q EX 12.1




Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollar amounts in thousands)
 
For the Nine Months Ended September 30,
 
2014
 
2013
Earnings:
 
 
 
Income from continuing operations before income taxes
$
151,655

 
$
170,608

Add: Fixed charges
102,384

 
93,490

Less: Undistributed earnings (losses) from equity method investees
(276
)
 
—

Total earnings
$
254,315

 
$
264,098

Fixed charges:
 
 
 
Interest expense
$
37,695

 
$
34,812

Estimate of interest expense within rental expense
64,689

 
58,678

Total fixed charges
$
102,384

 
$
93,490

Ratio of earnings to fixed charges
2.5

 
2.8