Attached files
Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Quarter Ended March 31, 2012 |
Years Ended December 31, | |||||||||||||||||||||||
| 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||||
| (In thousands) |
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| Earnings from continuing operations before income taxes |
$ | 77,570 | $ | 258,524 | $ | 185,340 | $ | 140,390 | $ | 418,199 | $ | 249,997 | ||||||||||||
| Add: |
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| Interest on indebtedness |
7,020 | 33,873 | 36,545 | 35,347 | 47,011 | 33,311 | ||||||||||||||||||
| Amortization of debt expense |
262 | 1,033 | 1,037 | 973 | 1,070 | 796 | ||||||||||||||||||
| Portion of rents representative of the interest factor |
2,570 | 10,106 | 9,472 | 10,109 | 10,636 | 8,383 | ||||||||||||||||||
| Deduct: |
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| Undistributed earnings from less-than-50-percent-owned entities |
— | (355 | ) | (352 | ) | (132 | ) | (66 | ) | 427 | ||||||||||||||
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| Earnings (as defined) |
$ | 87,422 | $ | 303,181 | $ | 232,042 | $ | 186,687 | $ | 476,850 | $ | 292,914 | ||||||||||||
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| Fixed charges: |
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| Interest on indebtedness |
$ | 7,020 | $ | 33,873 | $ | 36,545 | $ | 35,347 | $ | 47,011 | $ | 33,311 | ||||||||||||
| Amortization of debt expense |
262 | 1,033 | 1,037 | 973 | 1,070 | 796 | ||||||||||||||||||
| Portion of rents representative of the interest factor |
2,570 | 10,106 | 9,472 | 10,109 | 10,636 | 8,383 | ||||||||||||||||||
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| Total fixed charges |
$ | 9,852 | $ | 45,012 | $ | 47,054 | $ | 46,429 | $ | 58,717 | $ | 42,490 | ||||||||||||
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| Ratio of earnings to fixed charges |
8.9 | x | 6.7 | x | 4.9 | x | 4.0 | x | 8.1 | x | 6.9 | x | ||||||||||||
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