EX-12.1 6 ex12-1.txt COMPUTATION OF RATIO OF EARNINGS 1 Exhibit 12.1 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (dollars in thousands, except Ratio Data)
NINE MONTHS 8-K 8-K 8-K 8-K 8-K ENDED RESTATED RESTATED RESTATED RESTATED RESTATED Q3 1995 1996 1997 1998 1999 5/31/00 -------- -------- -------- -------- -------- ----------- Pretax Income from operations 15,539 44,695 87,924 83,041 133,303 144,516 Fixed Charges 11,294 11,228 7,831 6,512 12,006 10,387 Interest Expense Capitalized(1) (83) -- (120) (83) -- -- ------- ------ ------- -------- ------- ------- 26,750 55,923 95,635 89,470 145,309 154,903 ======= ====== ======= ======== ======= ======= Fixed Charges: Interest Expense 10,271 9,510 5,811 3,876 7,110 5,898 Capitalized Interest 83 -- 120 83 -- -- Interest Expense portion of Annual rent expense(1) 940 1,718 1,900 2,553 4,896 4,489 ------- ------ ------- -------- ------- ------- Total Fixed Charges 11,294 11,228 7,831 6,512 12,006 10,387 ======= ====== ======= ======== ======= ======= Ratio of Earnings to Fixed Charges 2.37 4.98 12.21 13.74 12.10 14.91 ======= ====== ======= ======== ======= =======
(1) Includes an appropriate interest portion of the annual rent expense for certain leased facilities and equipment which was deemed to be representative of the interest factor in rent expense.