EX-12.1 4 k160568_ex12-1.htm Unassociated Document
 
EXHIBIT 12.1


RATIO OF EARNINGS TO FIXED CHARGES
 
   
FOR THE FISCAL YEAR ENDED OCTOBER 31
   
FOR THE NINE MONTHS ENDED
 
   
2004
   
2005
   
2006
   
2007
   
2008
   
July 31, 2009
 
EARNINGS:
                                   
Earnings before minority interests and income taxes
  $ 36,555,000     $ 44,041,000     $ 63,983,000     $ 82,816,000     $ 102,837,000     $ 63,896,000  
Fixed charges
    2,336,000       2,318,000       4,886,000       4,930,000       4,666,000       2,285,000  
Adjusted earnings
  $ 38,891,000     $ 46,359,000     $ 68,869,000     $ 87,746,000     $ 107,503,000     $ 66,181,000  
                                                 
FIXED CHARGES:
                                               
Interest expense
  $ 1,090,000     $ 1,136,000     $ 3,523,000     $ 3,293,000     $ 2,314,000     $ 484,000  
Amortization of debt issuance costs
    334,000       289,000       227,000       230,000       327,000       208,000  
Portion of rental payments deemed to be interest (1)
    912,000       893,000       1,136,000       1,407,000       2,025,000       1,593,000  
Total fixed charges
  $ 2,336,000     $ 2,318,000     $ 4,886,000     $ 4,930,000     $ 4,666,000     $ 2,285,000  
                                                 
Ratio of earnings to fixed charges:
    16.6       20.0       14.1       17.8       23.0       29.0  
                                                 
(1)  Interest portion of rental expense is estimated to be one-third of rental expense.