EX-12 5 l90067aex12.txt EXHIBIT 12 1 EXHIBIT 12 RATIO OF EARNINGS TO FIXED CHARGES THOUSANDS OF DOLLARS
FISCAL YEAR ENDED FEBRUARY 28 OR 29, ------------------------------------ 1997 1998 1999 2000 2001 ---- ---- ---- ---- ---- Fixed charges: Interest expense $ 30,749 $ 22,992 $ 29,326 $ 34,255 $ 55,387 Interest component of rent expense 17,268 17,445 18,049 18,746 22,956 --------- --------- --------- --------- --------- Total fixed charges $ 48,017 $ 40,437 $ 47,375 $ 53,001 $ 78,343 ========================================================= Earnings (loss): Before taxes and cumulative effect of accounting change $254,330 $292,437 $281,597 $140,624 $ 98,633 ========================================================= Earnings (loss) + fixed charges $302,347 $332,874 $328,972 $193,625 $176,976 Ratio of earnings (loss) to fixed charges 6.3 8.2 6.9 3.7 2.3 (earnings (loss) fixed charges) / fixed charges
THREE MONTHS ENDED MAY 31, -------------------------- 2000 2001 ---- ---- Fixed charges: Interest expense $ 10,775 $ 13,436 Interest component of rent expense 5,739 5,171 -------- ---------- Total fixed charges $ 16,514 $ 18,607 ====================== Earnings (loss): $ 60,544 $(128,565) Before taxes and cumulative effect of accounting change $ 60,544 $(128,565) ====================== Earnings (loss) + fixed charges $ 77,058 $(109,958) Ratio of earnings (loss) to fixed charges 4.7 - (earnings (loss) - fixed charges) / fixed charges