Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except for ratios)
(in thousands, except for ratios)
Nine | ||||||||||||||||||||||||
months | ||||||||||||||||||||||||
ended | ||||||||||||||||||||||||
September | ||||||||||||||||||||||||
30, 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income before income taxes and cumulative effect of an accounting change | $ | 89,172 | $ | 100,966 | $ | 118,095 | $ | 71,209 | $ | 978 | $ | 107,586 | ||||||||||||
Add: Fixed charges | 14,795 | 11,988 | 13,204 | 14,556 | 10,610 | 9,455 | ||||||||||||||||||
Total Earnings, as defined | 103,967 | 112,954 | 131,299 | 85,765 | 11,588 | 117,041 | ||||||||||||||||||
Fixed Charges | ||||||||||||||||||||||||
Interest Expense | 5,736 | 308 | 62 | 198 | 276 | 339 | ||||||||||||||||||
Amortization of debt expense | 1,180 | — | — | — | — | — | ||||||||||||||||||
Estimated interest portion on rental expense | 7,879 | 11,680 | 13,142 | 14,358 | 10,334 | 9,116 | ||||||||||||||||||
Total Fixed Charges | 14,795 | 11,988 | 13,204 | 14,556 | 10,610 | 9,455 | ||||||||||||||||||
Ratio of earnings to fixed charges | 7.0 | 9.4 | 9.9 | 5.9 | 1.1 | 12.4 |