Attached files
| file | filename |
|---|---|
| 10-K - 10-K - TAL International Group, Inc. | a2201668z10-k.htm |
| EX-4.59 - EXHIBIT 4.59 - TAL International Group, Inc. | a2201668zex-4_59.htm |
| EX-32.2 - EX-32.2 - TAL International Group, Inc. | a2201668zex-32_2.htm |
| EX-32.1 - EX-32.1 - TAL International Group, Inc. | a2201668zex-32_1.htm |
| EX-21.1 - EX-21.1 - TAL International Group, Inc. | a2201668zex-21_1.htm |
| EX-4.60 - EXHIBIT 4.60 - TAL International Group, Inc. | a2201668zex-4_60.htm |
| EX-31.2 - EX-31.2 - TAL International Group, Inc. | a2201668zex-31_2.htm |
| EX-23.1 - EX-23.1 - TAL International Group, Inc. | a2201668zex-23_1.htm |
| EX-31.1 - EX-31.1 - TAL International Group, Inc. | a2201668zex-31_1.htm |
Exhibit 12.1
TAL INTERNATIONAL GROUP INC.
COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO CONSOLIDATED FIXED CHARGES
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For the Years Ended December 31, |
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2010 |
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2009 |
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2008 |
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2007 |
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2006 |
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Earnings Available for Fixed Charges: |
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|
|
|
|
|
|
|
|
|
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Income before income taxes |
|
$ |
89,646 |
|
$ |
110,854 |
|
$ |
54,863 |
|
$ |
60,391 |
|
$ |
65,521 |
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Add: |
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|
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|
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|
|
|
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Interest and debt expense |
|
79,104 |
|
68,807 |
|
64,983 |
|
52,129 |
|
47,578 |
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Write-off of deferred financing costs |
|
675 |
|
— |
|
250 |
|
204 |
|
2,367 |
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Appropriate portion of rents (a) |
|
176 |
|
181 |
|
195 |
|
181 |
|
166 |
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Earnings available for fixed charges |
|
$ |
169,601 |
|
$ |
179,842 |
|
$ |
120,291 |
|
$ |
112,905 |
|
$ |
115,632 |
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Fixed Charges: |
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|
|
|
|
|
|
|
|
|
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|
Interest and debt expense |
|
$ |
79,104 |
|
$ |
68,807 |
|
$ |
64,983 |
|
$ |
52,129 |
|
$ |
47,578 |
|
|
Write-off of deferred financing costs |
|
675 |
|
— |
|
250 |
|
204 |
|
2,367 |
| |||||
|
Appropriate portion of rents (a) |
|
176 |
|
181 |
|
195 |
|
181 |
|
166 |
| |||||
|
Fixed Charges |
|
$ |
79,955 |
|
$ |
68,988 |
|
$ |
65,428 |
|
$ |
52,514 |
|
$ |
50,111 |
|
|
Ratio of earnings to fixed charges |
|
2.12 X |
|
2.61 X |
|
1.84 X |
|
2.15 X |
|
2.31 X |
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(a) Portion of rental expenses that is deemed representative of an interest factor, which is 8% of total rental expense.