EX-12.1 4 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

Computation of Ratio of Earnings to Fixed Charges

 

     Fiscal Year Ended  
     December 31,
2003		     December 31,
2004		     December 31,
2005		     December 31,
2006		     December 31,
2007		  

Fixed Charges

           

(+) Interest Exp & Amortization of Deferred Fin Cost

    1,633     2,441     18,082     35,870     41,292  

(+) Rent

    3,207     3,882     4,628     5,942     7,283  

(-) 2/3 of Rent as non interest

    (2,138 )   (2,588 )   (3,085 )   (3,962 )   (4,856 )
                              

Total Fixed Charges

    2,702     3,735     19,625     37,851     43,720  
                              

Earnings

           

Pretax earnings

    20,516     26,444     27,875     78,163     94,080  

(+) Minority Interest

    —       —       (2,261 )   (8,727 )   (1,068 )

(+) Fixed Charges

    2,702     3,735     19,625     37,851     43,720  
                              

Total Earnings

    23,218     30,179     45,239     107,287     136,732  
                              

Ratio of Earnings to fixed Charges

    8.59     8.08     2.31     2.83     3.13