EX-12.1 8 y93424exv12w1.txt STATEMENT RE: COMPUTATION OF RATIOS . . . EXHIBIT 12.1 RATIO OF EARNINGS TO FIXED CHARGES
Years ended December 31, Nine months ended --------------------------------------------------------- ----------------- 1998 1999 2000 2001 2002 Sept. 30, 2003 ---- ---- ---- ---- ---- -------------- Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees 59,152 38,270 54,224 (4,116) 42,972 35,800 Add: Fixed Charges: Interest on rent expense 13,309 15,583 16,596 18,675 18,947 15,000 Interest expense 11,506 12,479 15,100 15,519 15,735 11,317 Preference security dividend (461) 201 188 (1,575) 3,431 239 ------ ------ ------ ------ ------ ------ Total Fixed Charges 24,354 28,263 31,884 32,619 38,113 26,556 Distributed income of equity investees 856 645 599 1,236 589 164 Less: Preference security dividend (461) 201 188 (1,575) 3,431 239 ------ ------ ------ ------ ------ ------ Total Adjustments 25,671 28,707 32,295 35,430 35,271 26,481 ------ ------ ------ ------ ------ ------ TOTAL EARNINGS 84,823 66,977 86,519 31,314 78,243 62,281 FIXED CHARGES 24,354 28,263 31,884 32,619 38,113 26,556 RATIO OF EARNINGS TO FIXED CHARGES 3.48 2.37 2.71 * 2.05 2.35 * For the year ended December 31, 2001, there was a deficiency of earnings to fix charges of 1,305