Texas Industries Inactive 10-K2008 FY Annual report

Filed: 11 Jul 08, 12:00am

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EXHIBIT 12.1

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

TEXAS INDUSTRIES, INC. AND SUBSIDIARIES


	2008			2007			2006			2005		2004
	In thousands except ratios
Earnings
Income (loss) from continuing operations before income taxes and changes in accounting principles	$	126,673		$	150,491		$	(8,814	)	$	62,255	$	59,096
Fixed charges		35,012			32,515			38,929			30,044		31,240
Amortization of capitalized interest		1,201			1,100			1,100			1,100		1,100
Less: Interest capitalized		(26,462	)		(12,855	)		(1,526	)		—		—

Adjusted earnings	$	136,424		$	171,251		$	29,689		$	93,399	$	91,436

Fixed charges
Interest expense	$	1,254		$	12,719		$	29,703		$	21,824	$	21,012
Interest capitalized		26,462			12,855			1,526			—		—
Net amortization of debt discount, premium and issuance expense		1,251			1,355			1,452			1,709		3,090
Interest portion of rent expense		6,045			5,586			6,248			6,511		7,138

Total fixed charges	$	35,012		$	32,515		$	38,929		$	30,044	$	31,240

Ratio of earnings to fixed charges		3.90			5.27			.76			3.11		2.93

Deficiency of earnings to cover fixed charges	$	—		$	—		$	9,240		$	—	$	—