1 EXHIBIT 12.1 Summary of Fixed Charge Coverage Ratios (in thousands, except ratios) Nine months Fiscal year ended August 31, Ended May 31 ----------------------------------------------- ----------------- 1996 1995 1994 1993 1992 1997 1996 ------- ------- ------- ------- ------- ------- ------- Pretax income $72,921 $58,008 $40,907 $35,061 $20,297 $40,875 $51,734 Adjustments to earnings: Interest expensed 15,822 15,246 9,271 9,397 9,951 11,055 12,072 Amortization of capitalized interest 488 577 440 406 394 360 372 Rent expense 2,611 2,651 2,029 1,998 1,897 2,151 1,890 ------- ------- ------- ------- ------- ------- ------- Total earnings $91,842 $76,482 $52,647 $46,862 $32,539 $54,441 $66,068 ======= ======= ======= ======= ======= ======= ======= Fixed charges: Interest expensed $15,822 $15,246 $ 9,271 $ 9,397 $ 9,951 $11,055 $12,072 Interest capitalized 320 149 1,176 411 113 250 243 Rent expense 2,611 2,651 2,029 1,998 1,897 2,151 1,890 ------- ------- ------- ------- ------- ------- ------- Total fixed charges $18,753 $18,046 $12,476 $11,806 $11,961 $13,456 $14,205 ======= ======= ======= ======= ======= ======= ======= Ratio of earnings to fixed charges 4.9x 4.2x 4.2x 4.0x 2.7x 4.1x 4.7x Pro forma information is not applicable as the ratio of earnings to fixed charges varies by less than 10%.