Texas Industries Inactive 10-Q2009 Q1 Quarterly report

Filed: 26 Sep 08, 12:00am

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New words: al, allegedly, Allen, ambient, arise, attend, attended, Attorney, blowing, bulk, cancer, carcinogen, central, choose, chrome, chromium, Coast, Code, complaint, Contractual, County, court, Crestmore, CUSIP, damage, diesel, directly, District, Drinking, dust, elevated, emotional, Enforcement, escalated, escrow, exemplary, exposed, exposing, exposure, failed, FASB, framework, gallon, gas, ground, guaranty, harmful, hexavalent, identical, injunctive, injury, intentionally, intermediary, Kenneth, knowingly, lawsuit, Lesley, lightweight, living, lung, mandatory, medical, minimum, misconduct, mortar, negligence, negotiated, nuisance, oil, overburden, People, permitted, physical, plaintiff, predict, prepaid, Proposition, punitive, purporting, purpose, putative, realized, reinvestment, relief, Revenue, sale, SCAQMD, school, se, Shellman, south, standard, stripping, styledThe, styledVirginia, subset, suffered, suit, Superior, Supplemental, surface, theShellman, threat, toxic, transaction, treated, unallocated, unfair, Unrealized, vicinity, vigorously, warn, warning, waste, water

Removed: amortization, approximated, auction, AUG, building, commissioned, conjunction, constructing, convertible, efficient, finite, Fowler, FSP, improved, kiln, McCraw, modernize, planned, relating, retire, Richard, secured, subordinated, system, uninterrupted, variable

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EXHIBIT 12.1

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

TEXAS INDUSTRIES, INC. AND SUBSIDIARIES


	Three Months ended August 31,				Year Ended May 31,
In thousands except ratios	2008		2007		2008		2007		2006		2005	2004
Earnings
Income (loss) from continuing operations before income taxes and changes in accounting principles	$15,389		$26,087		$126,673		$150,491		$(8,814	)	$62,255	$59,096
Fixed charges	10,812		7,455		35,012		32,515		38,929		30,044	31,240
Amortization of capitalized interest	578		275		1,201		1,100		1,100		1,100	1,100
Less: Interest capitalized	(1,786	)	(6,090	)	(26,462	)	(12,855	)	(1,526	)	--	--

Adjusted earnings	$24,993		$27,727		$136,424		$171,251		$29,689		$93,399	$91,436

Fixed charges
Interest expensed and capitalized	$ 8,522		$ 5,781		$ 27,716		$ 25,574		$31,229		$21,824	$21,012
Net amortization of debt discount, premium and issuance expense	509		309		1,251		1,355		1,452		1,709	3,090
Interest portion of rent expense	1,781		1,365		6,045		5,586		6,248		6,511	7,138

Total fixed charges	$10,812		$ 7,455		$ 35,012		$ 32,515		$38,929		$30,044	$31,240

Ratio of earnings to fixed charges	2.31		3.72		3.90		5.27		.76		3.11	2.93

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

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