EX-12.1 4 dex121.htm STATEMENT REGARDING COMPUTATION OF EARNINGS TO FIXED CHARGES Statement regarding computation of earnings to fixed charges

Exhibit 12.1

 

Ratio of earnings to fixed charges-229.503(d)

 

     2000

    2001

    2002

    2003

    2004

    9 mo
2004


    9 mo
2005


 

Fixed rent expense

   36,392     39,072     62,066     78,007     87,659     65,204     73,339  

Principal

   24,263     26,049     41,379     52,007     58,442     43,471     48,895  

Interest

   12,129     13,023     20,687     26,000     29,217     21,732     24,444  
    

 

 

 

 

 

 

total

   36,392     39,072     62,066     78,007     87,659     65,204     73,339  
    

 

 

 

 

 

 

Fixed charges:

                                          

Portion of rent expense representative of interest

   12,129     13,023     20,687     26,000     29,217     21,732     24,444  

Capitalized interest

   3,097     1,885     2,126     5,634     3,197     2,298     4,265  

Interest expensed

   38,044     29,787     68,972     55,575     53,392     41,084     35,166  
    

 

 

 

 

 

 

Total fixed charges (1)

   53,270     44,695     91,785     87,209     85,806     65,114     63,875  
    

 

 

 

 

 

 

Earnings:

                                          

Earnings before income taxes

   274,629     291,416     443,629     488,434     577,389     416,806     424,243  

Fixed charges

   53,270     44,695     91,785     87,209     85,806     65,114     63,875  

Amortization of Capitalized interest

   1,929     2,001     1,994     2,631     2,973     2,230     2,661  

less:

                                          

Capitalized interest

   (3,097 )   (1,885 )   (2,126 )   (5,634 )   (3,197 )   (2,298 )   (4,265 )
    

 

 

 

 

 

 

Total earnings

   326,731     336,226     535,282     572,639     662,971     481,852     486,514  
    

 

 

 

 

 

 

Ratio of earnings to fixed charges

   6.1     7.5     5.8     6.6     7.7     7.4     7.6  

Insufficiency of earnings to cover fixed charges

   —       —       —       —       —       —       —