Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
(In thousands) | 2001 | 2002 | 2003 | 2004 | 2005 | Q1 2005 | Q1 2006 | |||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||
Income from operations | $ | 33,604 | $ | 81,627 | $ | 83,527 | $ | 14,732 | $ | 61,276 | $ | 11,108 | $ | 10,915 | ||||||||||||||
Plus: fixed charges | 50,970 | 46,350 | 44,739 | 44,009 | 47,154 | 11,270 | 12,096 | |||||||||||||||||||||
$ | 84,574 | $ | 127,977 | $ | 128,266 | $ | 58,741 | $ | 108,430 | $ | 22,378 | $ | 23,011 | |||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||
Interest expense (income), net including amortization of debt | $ | 43,065 | $ | 38,314 | $ | 36,278 | $ | 34,558 | $ | 37,141 | $ | 8,843 | $ | 9,500 | ||||||||||||||
Rent expense | 23,716 | 24,109 | 25,383 | 28,639 | 30,343 | 7,355 | 7,866 | |||||||||||||||||||||
One-third of rent expense(1) | 7,905 | 8,036 | 8,461 | 9,451 | 10,013 | 2,427 | 2,596 | |||||||||||||||||||||
$ | 50,970 | $ | 46,350 | $ | 44,739 | $ | 44,009 | $ | 47,154 | $ | 11,270 | $ | 12,096 | |||||||||||||||
Ratio of earnings to fixed charges | 1.66 | 2.76 | 2.87 | 1.33 | 2.30 | 1.99 | 1.90 |
(1) | Represents the portion of rent expense which our management believes is representative of the interest component of rent expense. |