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Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
(in thousands except for ratios)
| Years Ended September 30, | | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Six Months Ended March 31, 2004 | |||||||||||||||||
| 1999 | 2000 | 2001 | 2002 | 2003 | |||||||||||||
Earnings: | ||||||||||||||||||
Income before income taxes | $ | 32,081 | $ | 43,449 | $ | 61,727 | $ | 64,403 | $ | 83,065 | $ | 45,006 | ||||||
Interest expense | 7,871 | 11,785 | 11,065 | 4,569 | 4,867 | 4,090 | ||||||||||||
Interest portion of rent expense | 9,133 | 9,967 | 10,600 | 10,167 | 10,300 | 5,233 | ||||||||||||
Amortization of debt issuance costs | 144 | 89 | 85 | 135 | 143 | 157 | ||||||||||||
$ | 49,229 | $ | 65,290 | $ | 83,477 | $ | 79,274 | $ | 98,375 | $ | 54,486 | |||||||
Fixed Charges: | ||||||||||||||||||
Interest expenses | $ | 7,871 | $ | 11,785 | $ | 11,065 | $ | 4,569 | $ | 4,867 | $ | 4,090 | ||||||
Interest portion of rent expense | 9,133 | 9,967 | 10,600 | 10,167 | 10,300 | 5,233 | ||||||||||||
Capitalized interest | 1,556 | 1,574 | 1,203 | 487 | 242 | 25 | ||||||||||||
Amortization of debt issuance costs | 144 | 89 | 85 | 135 | 143 | 157 | ||||||||||||
$ | 18,704 | $ | 23,415 | $ | 22,953 | $ | 15,358 | $ | 15,552 | $ | 9,505 | |||||||
Ratio of earnings to fixed charges(1) | 2.6 | 2.8 | 3.6 | 5.2 | 6.3 | 5.7 | ||||||||||||
- (1)
- For the purpose of calculating the ratio of earnings to fixed charges, "earnings" consist of income before income taxes plus "fixed charges" and certain other adjustments. "Fixed charges" consist of interest incurred on all indebtedness, amortization of debt issuance costs, and the portion of rent expense deemed representative of the interest factor.
RATIO OF EARNINGS TO FIXED CHARGES (in thousands except for ratios)