EX-12 2 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands, except ratios)

 

     Fiscal Year Ended August 31,
    

Last Twelve

Months Ended
May 31,

2007

  
     2004
     2005
     2006
    

FIXED CHARGES

                                 

Interest expensed and capitalized

    $ 21,445     $ 24,661     $ 24,645     $ 24,990  

Amortized premiums related to indebtedness

      925       1,385       1,429       1,373  

Estimate of interest within rental expense

      4,333       10,547       9,970       9,958  

Total Fixed Assets

    $ 26,703     $ 36,593     $ 36,044     $ 36,321  

EARNINGS

                                 

ADD

                                 

Pretax income from continuing operations before minority interest in consolidated subsidiaries or income from equity investees

    $ 18,795     $ 16,812     $ 108,463     $ 92,477  

Fixed charges

      26,703       36,593       36,044       36,321  

TOTAL ADJUSTMENT EARNINGS

    $ 45,498     $ 53,405     $ 144,507     $ 128,798  

RATIO OF ADJUSTED EARNINGS TO FIXED CHARGES

      1.7 x     1.5 x     4.0 x     3.5 x

 

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