Texas Industries 10-Q 2007 Q1 Quarterly report

EXHIBIT 12.1

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

TEXAS INDUSTRIES, INC. AND SUBSIDIARIES

In thousands except ratios	Three Months ended August 31,						Year Ended May 31,
	2006			2005			2006			2005		2004		2003		2002
Earnings
Income (loss) from continuing operations before income taxes and changes in accounting principles	$	43,265		$	(92,972	)	$	(8,814	)	$	62,255	$	59,096	$	40,650	$	75,577
Fixed charges		8,630			10,749			38,929			30,044		31,240		21,058		26,771
Amortization of capitalized interest		275			275			1,100			1,100		1,100		1,100		1,100
Less: Interest capitalized		(1,760	)		—			(1,526	)		—		—		—		—
Adjusted earnings	$	50,410		$	(81,948	)	$	29,689		$	93,399	$	91,436	$	62,808	$	103,448
Fixed charges
Interest expense	$	5,195		$	8,835		$	29,703		$	21,824	$	21,012	$	11,025	$	15,433
Interest capitalized		1,760			—			1,526			—		—		—		—
Net amortization of debt discount, premium and issuance expense		347			429			1,452			1,709		3,090		3,802		4,346
Interest portion of rent expense		1,328			1,485			6,248			6,511		7,138		6,231		6,992
Total fixed charges	$	8,630		$	10,749		$	38,929		$	30,044	$	31,240	$	21,058	$	26,771
Ratio of earnings to fixed charges		5.84			(7.62	)		.76			3.11		2.93		2.98		3.86
Deficiency of earnings to cover fixed charges	$	—		$	92,697		$	9,240		$	—	$	—	$	—	$	—