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Content analysis
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H.S. freshman Avg
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|
Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
Our ratio of earnings to fixed charges is as follows:
| 2014 |
|
| 2013 |
|
| 2012 |
|
| 2011 |
|
| 2010 |
| |||||
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations before provision for income taxes and noncontrolling interest | $ | (45,321 | ) |
| $ | (440,859 | ) |
| $ | 330,942 |
|
| $ | 314,657 |
|
| $ | 303,516 |
|
Interest expense and other |
| 62,919 |
|
|
| 5,748 |
|
|
| (372 | ) |
|
| 3,046 |
|
|
| 2,584 |
|
Portion of rents representative of the interest factor |
| 35,516 |
|
|
| 38,850 |
|
|
| 20,239 |
|
|
| 17,977 |
|
|
| 15,955 |
|
| $ | 53,114 |
|
| $ | (396,261 | ) |
| $ | 350,809 |
|
| $ | 335,680 |
|
| $ | 322,055 |
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense, including amount capitalized | $ | 85,361 |
|
| $ | 8,886 |
|
| $ | 8,568 |
|
| $ | 9,314 |
|
| $ | 14,621 |
|
Portion of rents representative of the interest factor(1) |
| 35,516 |
|
|
| 38,850 |
|
|
| 20,239 |
|
|
| 17,977 |
|
|
| 15,955 |
|
| $ | 120,877 |
|
| $ | 47,736 |
|
| $ | 28,807 |
|
| $ | 27,291 |
|
| $ | 30,576 |
|
Ratio of earnings to fixed charges(2) |
| — |
|
|
| — |
|
|
| 12.18x |
|
|
| 12.30x |
|
|
| 10.53x |
|
(1) | 33% of rental expense |
(2) | For the years ended December 31, 2014 and December 31, 2013, earnings were deficient to cover fixed charges by $67,763 and $443,997, respectively, primarily as a result of operating losses during the year. |