EX-12.1 8 dex121.txt COMPUTATION OF STATEMENT OF RATIO EARNINGS EXHIBIT 12.1 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
YTD 1996 1997 1998 1999 2000 09/30/01 Pre-tax income from continuing operations 2,285,024 42,829,676 4,659,175 23,455,966 21,951,946 36,013,047 ========= ========== ========== ========== ========== ========== Fixed charges: Interest expense and amortization of debt discount and premium on all indebtedness 693,376 95,672 195,221 3,121,488 7,511,600 7,654,636 Capitalized interest 0 1,307,120 2,183,379 1,473,624 1,628,543 2,050,177 Estimate of interest within rental expense 3,884,783 4,291,819 5,329,016 5,416,602 7,073,552 7,646,465 Total fixed charges 4,578,159 5,694,611 7,707,616 10,011,714 16,213,695 17,351,278 ========= ========== ========== ========== ========== ========== Pre-tax income from continuing operations plus fixed charges and amortization of capitalized interest, less capitalized interest 6,897,666 47,296,723 10,338,257 32,199,715 36,798,914 51,628,986 ========= ========== ========== ========== ========== ========== Ratio of earnings to fixed charges 1.51 8.31 1.34 3.22 2.27 2.98