EX-12.1 2 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

Calculation of Ratio of Earnings to Fixed Charges

 

     Year Ended December 31,
     2002    2003    2004    2005    2006
     (In thousands, except ratio of earnings to fixed charges)

Income from continuing operation before income taxes

   $ 4,132    $ 17,288    $ 43,919    $ 73,230    $ 194,559

Fixed charges(1)

              

Interest expense

     102      32      1,661      5,934      3,474

Amortization of debt issuance cost

     —        —        253      3,318      631

Interest included in rental expense

     365      350      425      632      918

Total fixed charges

   $ 467    $ 382    $ 2,339    $ 9,884    $ 5,023
                                  

Earnings(2)

   $ 4,599    $ 17,670    $ 46,258    $ 83,114    $ 199,582

Ratio of earnings to fixed charges

     9.8      46.3      19.8      8.4      39.7

(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.