EX-12.1 5 a37730exv12w1.htm EXHIBIT 12.1 exv12w1
 

Exhibit 12.1
Calculation of Ratio of Earnings to Fixed Charges
                                         
    Year Ended December 31,  
    2003     2004     2005     2006     2007  
    (In thousands, except ratio of earnings to fixed charges)  
Income from continuing operations before income taxes
                                       
Fixed charges(1)
  $ 17,288     $ 43,919     $ 73,230     $ 194,559     $ 226,543  
Interest expense
    32       1,661       5,934       3,474       3,512  
Amortization of debt issuance cost
          253       3,318       631       601  
Interest included in rental expense
    350       425       632       918       899  
 
                             
Total fixed charges
  $ 382     $ 2,339     $ 9,884     $ 5,023     $ 5,012  
 
                             
Earnings(2)
  $ 17,670     $ 46,258     $ 83,114     $ 199,582     $ 231,555  
Ratio of earnings to fixed charges
    46.3       19.8       8.4       39.7       46.2  
 
(1)    “Fixed charges” consist of interest expense on indebtedness, amortization of debt issuance costs and the estimated portion of rental expense deemed a reasonable approximation of this interest factor.
 
(2)    “Earnings” consist of income from continuing operations before income taxes plus fixed charges.