EX-12 3 d58846_ex12.txt STATEMENT RE: COMPUTATION OF RATIOS Exhibit 12 CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES (in thousands)
Years Ended July 31, -------------------------------------------------------------------------- 1999 2000 2001 2002 2003 Restated ------------------------------------------------------------------------------------------------------------------------------- Earnings Income before cumulative effect of change in accounting principle $61,271 $ 60,507 $34,206 $12,878 $12,392 Income tax provision 29,745 35,536 20,091 6,343 2,635 ------------------------------------------------------------------------- Earnings 91,016 96,043 54,297 19,221 15,027 ------------------------------------------------------------------------- Fixed Charges Interest expense 1,772 21,169 22,195 16,255 27,985 Portion of rental expense representative of interest factor 705 1,113 2,082 3,030 3,034 ------------------------------------------------------------------------- Fixed charges 2,477 22,282 24,277 19,285 31,019 ------------------------------------------------------------------------- Capitalized interest -- (580) -- -- -- ------------------------------------------------------------------------- Earnings before income tax provision and fixed charges $93,493 $ 117,745 $78,574 $38,506 $46,046 ========================================================================= Ratio of earnings to fixed charges 37.7x 5.3x 3.2x 2.0x 1.5x =========================================================================