Texas Industries 10-Q 2007 Q3 Quarterly report

EXHIBIT 12.1

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

TEXAS INDUSTRIES, INC. AND SUBSIDIARIES

	Nine Months ended February 28,						Year Ended May 31,
In thousands except ratios	2007			2006			2006			2005		2004		2003		2002
Earnings
Income (loss) from continuing operations before income taxes and changes in accounting principles	$	104,601		$	(69,959	)	$	(8,814	)	$	62,255	$	59,096	$	40,650	$	75,577
Fixed charges		25,707			29,670			38,929			30,044		31,240		21,058		26,771
Amortization of capitalized interest		825			825			1,100			1,100		1,100		1,100		1,100
Less: Interest capitalized		(8,109	)		(501	)		(1,526	)		—		—		—		—
Adjusted earnings	$	123,024		$	(39,965	)	$	29,689		$	93,399	$	91,436	$	62,808	$	103,448
Fixed charges
Interest expense	$	12,425		$	23,339		$	29,703		$	21,824	$	21,012	$	11,025	$	15,433
Interest capitalized		8,109			501			1,526			—		—		—		—
Net amortization of debt discount, premium and issuance expense		1,049			1,116			1,452			1,709		3,090		3,802		4,346
Interest portion of rent expense		4,124			4,714			6,248			6,511		7,138		6,231		6,992
Total fixed charges	$	25,707		$	29,670		$	38,929		$	30,044	$	31,240	$	21,058	$	26,771
Ratio of earnings to fixed charges		4.79			(1.35	)		.76			3.11		2.93		2.98		3.86
Deficiency of earnings to cover fixed charges	$	—		$	69,635		$	9,240		$	—	$	—	$	—	$	—