EXHIBIT 12.1
Ratio of Earnings to Fixed Charges
(unaudited)
Year Ended October 31, | Quarter Ended April 30, 2005 | Six Months Ended April 30, 2005 | ||||||||||||||||||||||
(amounts in thousands, except ratios)
| 2000 | 2001 | 2002 | 2003 | 2004 | |||||||||||||||||||
Consolidated pretax earnings from continuing operations | $ | 70,672 | $ | (276,766 | ) | $ | (92,225 | ) | $ | (55,010 | ) | $ | 74,974 | $ | 1,053 | $ | 455,653 | |||||||
Interest expense | — | — | — | — | 992 | 750 | 1,500 | |||||||||||||||||
Amortization of debt issuance costs | — | — | — | — | 982 | 743 | 1,486 | |||||||||||||||||
Interest portion of rental expense | 10,200 | 10,500 | 8,700 | 7,200 | 6,440 | 1,721 | 3,486 | |||||||||||||||||
Earnings | $ | 80,872 | $ | (266,266 | ) | $ | (83,525 | ) | $ | (47,810 | ) | $ | 83,388 | $ | 4,267 | $ | 462,125 | |||||||
Interest expense | $ | — | $ | — | $ | — | $ | — | $ | 992 | $ | 750 | $ | 1,500 | ||||||||||
Amortization of debt issuance costs | — | — | — | — | 982 | 743 | 1,486 | |||||||||||||||||
Interest portion of rental expense | 10,200 | 10,500 | 8,700 | 7,200 | 6,440 | 1,721 | 3,486 | |||||||||||||||||
Fixed charges | $ | 10,200 | $ | 10,500 | $ | 8,700 | $ | 7,200 | $ | 8,414 | $ | 3,214 | $ | 6,472 | ||||||||||
Ratio of earnings to fixed charges | 7.9 | (25.4 | ) | (9.6 | ) | (6.6 | ) | 9.9 | 1.3 | 71.4 | ||||||||||||||