EXHIBIT 12.1
Computation of Ratio of Earnings to Fixed Charges
Fiscal Year Ended | |||||||||||||||
December 31, 2003 | December 31, 2004 | December 31, 2005 | December 31, 2006 | December 31, 2007 | |||||||||||
Fixed Charges | |||||||||||||||
(+) Interest Exp & Amortization of Deferred Fin Cost | 1,633 | 2,441 | 18,082 | 35,870 | 41,292 | ||||||||||
(+) Rent | 3,207 | 3,882 | 4,628 | 5,942 | 7,283 | ||||||||||
(-) 2/3 of Rent as non interest | (2,138 | ) | (2,588 | ) | (3,085 | ) | (3,962 | ) | (4,856 | ) | |||||
Total Fixed Charges | 2,702 | 3,735 | 19,625 | 37,851 | 43,720 | ||||||||||
Earnings | |||||||||||||||
Pretax earnings | 20,516 | 26,444 | 27,875 | 78,163 | 94,080 | ||||||||||
(+) Minority Interest | — | — | (2,261 | ) | (8,727 | ) | (1,068 | ) | |||||||
(+) Fixed Charges | 2,702 | 3,735 | 19,625 | 37,851 | 43,720 | ||||||||||
Total Earnings | 23,218 | 30,179 | 45,239 | 107,287 | 136,732 | ||||||||||
Ratio of Earnings to fixed Charges | 8.59 | 8.08 | 2.31 | 2.83 | 3.13 |