EX-12.1 3 s310909ex121.htm RHB S3 EXHIBIT 12.1 OCTOBER 9, 2009 s310909ex121.htm
EXHIBIT 12.1
REHABCARE GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)



Note:
The ratio of earnings to fixed charges is calculated by adding pre-tax income from continuing operations before adjustment for noncontrolling interests and equity in net income (loss) from affiliates plus fixed charges and dividing that sum by fixed charges.


   
Six Months Ended
                                
   
June 30,
  
Year Ended December 31,
  
   
2009
    
2008
    
2007
    
2006
    
2005
    
2004
  
Fixed Charges:
                                    
Interest
$
1,121
  
$
3,897
  
$
8,362
  
$
5,499
  
$
1,169
  
$
1,181
  
Interest portion of annual rentals
  
2,368
    
4,647
    
4,067
    
3,367
    
1,733
    
967
  
Total fixed charges
$
3,489
  
$
8,544
  
$
12,429
  
$
8,866
  
$
2,902
  
$
2,148
  
                                     
Earnings:
                                    
Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees
$
26,021
  
$
29,174
  
$
20,035
  
$
16,470
  
$
32,294
  
$
40,468
  
Total fixed charges (from above)
  
3,489
    
8,544
    
12,429
    
8,866
    
2,902
    
2,148
  
Total earnings for purposes of ratio
$
29,510
  
$
37,718
  
$
32,464
  
$
25,336
  
$
35,196
  
$
42,616
  
                                     
Ratio of earnings to fixed charges
  
8.5
    
4.4
    
2.6
    
2.9
    
12.1
    
19.8
  
                                     



The ratio of earnings to fixed charges has been computed on a consolidated basis.  Fixed charges consist of interest on all indebtedness and one-third of rentals, which we believe is a reasonable approximation of the interest factor of such rentals.