Attached files
EXHIBIT 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
Three Months Ended April 31, | ||||||||
2010 | 2011 | |||||||
Income before income taxes |
$ | 9,398 | $ | 6,552 | ||||
Fixed charges |
9,021 | 10,676 | ||||||
Capitalized interest |
(12 | ) | | |||||
Total earnings |
$ | 18,407 | $ | 17,228 | ||||
Interest expense (including capitalized interest) |
$ | 4,796 | $ | 6,810 | ||||
Amortized premiums and expenses |
998 | 747 | ||||||
Estimated interest within rent expense |
3,227 | 3,119 | ||||||
Total fixed charges |
$ | 9,021 | $ | 10,676 | ||||
Ratio of earnings to fixed charges |
2.04 | 1.61 |