Exhibit 12.1
The GEO Group, Inc.
Ratio of Earnings to Fixed Charges
Ratio of Earnings to Fixed Charges
Fiscal Year Ended | ||||||||||||||||||||
December 31, | December 30, | December 28, | January 3, | January 2, | ||||||||||||||||
2006 | 2007 | 2008 | 2010 | 2011 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Pre-tax income (excluding equity income of affiliates) | $ | 41.8 | $ | 58.6 | $ | 91.2 | $ | 105.0 | $ | 98.1 | ||||||||||
Interest Expense (including the interest element of rental expense and write-off of deferred financing fees) | 45.7 | 47.7 | 37.9 | 42.9 | 58.2 | |||||||||||||||
Total Earnings + Fixed charges | $ | 87.5 | $ | 106.3 | $ | 129.1 | $ | 147.9 | $ | 156.3 | ||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense (including the interest element of rental expense) | $ | 45.7 | $ | 47.7 | $ | 37.9 | $ | 42.9 | $ | 58.2 | ||||||||||
Capitalized interest | 0.2 | 2.9 | 4.3 | 4.9 | 4.1 | |||||||||||||||
Total Fixed Charges including capitalized interest | $ | 45.9 | $ | 50.6 | $ | 42.2 | $ | 47.8 | $ | 62.3 | ||||||||||
Ratio of Earnings to Fixed Charges | 1.9 | 2.1 | 3.1 | 3.1 | 2.5 |