Exhibit 12.1
STATEMENT REGARDING COMPUTATION OF RATIOS
2010 | 2011 | 2012 | 2013 | 2014 | 3/31/2014 | 3/31/2015 | ||||||||||||||||||||||
Pre-tax income from continuing operations before min. int. | 249,733 | 258,496 | 244,479 | 169,597 | 201,965 | 53,105 | 58,662 | |||||||||||||||||||||
Equity loss (income) | (18 | ) | 134 | (323 | ) | (78 | ) | (720 | ) | (270 | ) | (76 | ) | |||||||||||||||
Fixed charges | 77,318 | 76,961 | 61,554 | 47,941 | 45,674 | 11,070 | 11,520 | |||||||||||||||||||||
Distributed income of equity investees | — | — | — | — | — | — | — | |||||||||||||||||||||
Less capitalized interest | (3,922 | ) | (1,584 | ) | (1,057 | ) | (836 | ) | (2,525 | ) | (435 | ) | (1,196 | ) | ||||||||||||||
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Earnings, as defined | 323,111 | 334,007 | 304,653 | 216,624 | 244,394 | 63,470 | 68,910 | |||||||||||||||||||||
Interest expense | 69,146 | 71,046 | 56,181 | 43,596 | 40,047 | 9,864 | 9,548 | |||||||||||||||||||||
Capitalized interest | 3,922 | 1,584 | 1,057 | 836 | 2,525 | 435 | 1,196 | |||||||||||||||||||||
Amortization of debt & discount/premium | 4,250 | 4,331 | 4,316 | 3,509 | 3,102 | 771 | 776 | |||||||||||||||||||||
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Fixed charges, as defined | 77,318 | 76,961 | 61,554 | 47,941 | 45,674 | 11,070 | 11,520 | |||||||||||||||||||||
Ratio of earnings to fixed charges | 4.2 | 4.3 | 4.9 | 4.5 | 5.4 | 5.7 | 6.0 |