EX-12.1 4 dex121.htm RATION OF EARNINGS Ration of Earnings

EXHIBIT 12.1

 

RATIO OF EARNINGS TO FIXED CHARGES

 

   

Fiscal Year


  

Nine Months Ended September 30, 2002


   

1997


 

1998


 

1999


 

2000


 

2001 


  

Earnings:

                                    

Income before income taxes

 

$

161,645

 

$

158,268

 

$

50,062

 

$

45,847

 

$

132,095

  

$

91,724

Interest expense

 

 

18,139

 

 

19,945

 

 

18,926

 

 

15,282

 

 

21,776

  

 

18,357

Amortization of debt costs

 

 

265

 

 

257

 

 

390

 

 

454

 

 

782

  

 

426

Interest portion of rental expense

 

 

4,427

 

 

5,355

 

 

5,429

 

 

5,832

 

 

6,242

  

 

4,660

   

 

 

 

 

  

Total earnings

 

 

184,476

 

 

183,825

 

 

74,807

 

 

67,415

 

 

160,895

  

 

115,167

   

 

 

 

 

  

Fixed charges:

                                    

Interest expense

 

 

18,139

 

 

19,945

 

 

18,926

 

 

15,282

 

 

21,776

  

 

18,357

Amortization of debt costs

 

 

265

 

 

257

 

 

390

 

 

454

 

 

782

  

 

426

Interest portion of rental expense

 

 

4,427

 

 

5,355

 

 

5,429

 

 

5,832

 

 

6,242

  

 

4,660

   

 

 

 

 

  

Total fixed charges

 

 

22,831

 

 

25,557

 

 

24,745

 

 

21,568

 

 

28,800

  

 

23,443

   

 

 

 

 

  

Ratio of earnings to fixed charges

 

 

8.1

 

 

7.2

 

 

3.0

 

 

3.1

 

 

5.6

  

 

4.9