EX-12.1 8 d823747dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

RATIOS OF EARNINGS TO FIXED CHARGES

The following table sets forth our ratio of consolidated earnings to fixed charges for the periods presented.

 

    

 

 

Year Ended December 31,

     Nine Months
Ended
September 30,

2014
 
   2009      2010      2011      2012      2013     

Ratio of earnings to fixed charges

     1.7x         2.0x         2.6x         2.8x         2.8x         2.5x   

For purposes of calculating the ratio of consolidated earnings to fixed charges:

 

    earnings” is the aggregate of the following: pre-tax income from continuing operations; plus fixed charges; less capitalized interest; and

 

    fixed charges” means the sum of the following: interest expense; interest capitalized; an estimate of the interest within rental expense.

We did not have any preferred stock outstanding and there were no preferred stock dividends paid or accrued during the periods presented above.