EX-12.1 2 ex12_1.htm EXHIBIT 12.1
EXHIBIT 12.1

Statement of Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)

 
  
Three Months Ended April 30,
  
 
  
2013
    
2012
  
 
  
   
 
 Income before income taxes
  
$
35,143
    
$
18,191
  
 Fixed charges
    
7,545
      
6,577
  
 Capitalized interest
    
(119
)
    
(20
)
 
                
 Total earnings
  
$
42,569
    
$
24,748
  
 
                
 Interest expense (including capitalized interest)
  
$
2,893
    
$
3,195
  
 Amortized premiums and expenses
    
1,097
      
584
  
 Estimated interest within rent expense
    
3,555
      
2,798
  
 Total fixed charges
  
$
7,545
    
$
6,577
  
 
                
 Ratio of earnings to fixed charges
    
5.64
      
3.76