EAGLE MATERIALS INC - FORM 10-Q - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - November 5, 2010

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EXCEL - IDEA: XBRL DOCUMENT - EAGLE MATERIALS INCFinancial_Report.xls
10-Q - FORM 10-Q - EAGLE MATERIALS INCd10q.htm
EX-10.2 - FORM OF DIRECTOR NON-QUALIFIED STOCK OPTION AGREEMENT - EAGLE MATERIALS INCdex102.htm
EX-31.2 - CERTIFICATION OF CFO - SECTION 302 - EAGLE MATERIALS INCdex312.htm
EX-10.1 - DIRECTOR COMPENSATION SUMMARY - EAGLE MATERIALS INCdex101.htm
EX-31.1 - CERTIFICATION OF CEO - SECTION 302 - EAGLE MATERIALS INCdex311.htm
EX-10.3 - AMENDED AND RESTATED INCENTIVE PLAN - EAGLE MATERIALS INCdex103.htm
EX-32.2 - CERTIFICATION OF CFO - SECTION 906 - EAGLE MATERIALS INCdex322.htm
EX-32.1 - CERTIFICATION OF CEO - SECTION 906 - EAGLE MATERIALS INCdex321.htm

 

Exhibit 12.1

 

     Six Months
Ended
September 30,		     Fiscal Year Ended March 31,  
     2010     2010     2009     2008     2007     2006  

Earnings (1):

             

Earnings before income taxes

      24,988        39,297        62,183        144,384        304,288        241,066   

Add: Fixed charges

      9,140        18,480        24,714        20,866        12,050        8,675   

Add: Amortization of capitalized interest and FIN 48 Interest

      (278 )      3,857        5,358        6,597        30        —     

Add: Cash distributions from equity method investments

      14,250        29,750        33,000        37,750        29,000        27,250   

Subtract: Income from equity method investments

      (10,672 )      (24,157 )      (32,426 )      (33,982 )      (32,765 )      (26,917 ) 
                                                

Total Earnings

      37,428        67,227        92,829        175,615        312,603        250,074   

Fixed Charges (2):

             

Interest expense

      8,988        18,180        24,433        20,530        11,709        8,290   

Interest component of rent expense

      152        300        281        336        341        385   
                                                

Total Fixed Charges

      9,140        18,480        24,714        20,866        12,050        8,675   

Ratio of Earnings to Fixed Charges

      4.1x        3.6x        3.8x        8.4x        25.9x        28.8x   

 

(1) Earnings represent earnings before income taxes and before income from equity method investments plus: (a) fixed charges; and (b) cash distributions from equity method investments.
(2) Fixed charges include: (a) interest expense, whether expensed or capitalized, less interest accrued for uncertain tax positions; and (b) the portion of operating rental expense which management believes is representative of the interest component of rent expense.

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