CMTSU Liquidation (CBRI) 10-K 2008 FY Annual report

EXHIBIT 12.1

Computation of Ratio of Earnings to Fixed Charges

	Year ended December 31,
	2004		2005		2006		2007		2008
	(In thousands, except ratios)
Earnings:
Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries	$	47,325	$	38,946	$	38,410	$	47,491	$	45,346
Fixed charges (see below)	11,197		14,774		13,958		15,813		18,412
	$	58,522	$	53,720	$	52,368	$	63,304	$	63,758
Fixed charges:
Interest expensed and capitalized	$	7,028	$	8,888	$	8,002	$	8,050	$	9,605
Amortized premiums, discounts and capitalized expenses relating to indebtedness	188		164		173		161		429
Estimate of the interest within rental expense (1)	3,981		5,722		5,783		7,602		8,378
	$	11,197	$	14,774	$	13,958	$	15,813	$	18,412
Ratio of earnings to fixed charges	5.23		3.64		3.75		4.00		3.46

(1) Represents the portion of operating rental expense that management believes is representative of the interest component of rental expense excluding restructuring charges associated with branch and administrative office closings.