EX-12 10 p69625exv12.htm EX-12 exv12
 

Exhibit 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)

                                         
    Fiscal Year Ended June 30,
    2000
   2001
   2002
   2003
   2004
EARNINGS:
                                        
Income before income tax expense
   $ 67,382     $ 59,325     $ 78,984     $ 77,660     $ 46,157  
Add: Fixed charges
     3,378       2,801       2,967       14,375       13,161  
 
    
 		      
 		      
 		      
 		      
 		  
Earnings as defined
   $ 70,760     $ 62,126     $ 81,951     $ 92,035     $ 59,318  
 
    
 		      
 		      
 		      
 		      
 		  
FIXED CHARGES:
                                        
Interest expense
   $ 2,246     $ 1,263     $ 1,376     $ 10,038     $ 8,663  
Amortization of deferred financing fees
     —       —       —       2,542       2,145  
 
    
 		      
 		      
 		      
 		      
 		  
Interest expense as reported
     2,246       1,263       1,376       12,580       10,808  
Portion of rent expense as interest
     1,132       1,538       1,591       1,795       2,353  
 
    
 		      
 		      
 		      
 		      
 		  
Fixed charges as defined
   $ 3,378     $ 2,801     $ 2,967     $ 14,375     $ 13,161  
 
    
 		      
 		      
 		      
 		      
 		  
Ratio of earnings to fixed charges
     21.0 x     22.2 x     27.6 x     6.4 x     4.5 x

     For purposes of computing the ratios of earnings to fixed charges, earnings represent pretax income from continuing operations plus fixed charges. Fixed charges represent interest expense and the portion of rents representative of interest related to continuing operations.