EX-12.1 3 mtz09301310-qex121.htm EXHIBIT MTZ 09.30.13 10-Q EX 12.1




Exhibit 12.1



COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollar amounts in thousands)


 
For the Nine Months Ended September 30,
 
2013
 
2012
 
 
 
 
Income from continuing operations before provision for income taxes
$
170,608

 
$
130,186

 
 
 
 
Plus: Fixed charges
93,491

 
84,262

Less: Undistributed earnings (losses) from equity method investees
—

 
—

Total earnings
$
264,099

 
$
214,448

 
 
 
 
Fixed charges:
 
 
 
Interest expense
$
34,813

 
$
28,194

Estimate of interest expense within rental expense
58,678

 
56,068

Total fixed charges
$
93,491

 
$
84,262

 
 
 
 
Ratio of earnings to fixed charges
2.8

 
2.5