EX-12.1 3 y93424a1exv12w1.txt STATEMENT RE COMPUTATION OF RATIOS . . . EXHIBIT 12.1 RATIO OF EARNINGS TO FIXED CHARGES
Years ended December 31, ----------------------------------------------------------- 1999 2000 2001 2002 2003 ---- ---- ---- ---- ---- Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees 38,270 54,224 (4,116) 42,972 66,125 Add: Fixed Charges: Interest on rent expense 15,583 16,596 21,900 22,800 24,030 Interest expense 12,479 15,100 15,519 15,735 16,814 Preference security dividend 201 188 (1,575) 3,431 5,584 ------ ------ ------ ------ ------ Total Fixed Charges 28,263 31,884 35,844 41,966 46,428 Distributed income of equity investees 645 599 1,236 589 543 Less: Preference security dividend 201 188 (1,575) 3,431 5,584 ------ ------ ------ ------ ------ Total Adjustments 28,707 32,295 38,655 39,124 41,387 ------ ------ ------ ------ ------ TOTAL EARNINGS 66,977 86,519 34,539 82,096 107,512 FIXED CHARGES 28,263 31,884 35,844 41,966 46,428 RATIO OF EARNINGS TO FIXED CHARGES 2.37 2.71 * 1.96 2.32 * For the year ended December 31, 2001, there was a deficiency of earnings to fix charges of 1,305