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

 

Ratio of Earnings to Fixed Charges

(unaudited)

 

     Year Ended October 31,

  

Quarter

Ended

April 30,

2005


  

Six Months

Ended

April 30,

2005


(amounts in thousands, except ratios)

 

   2000

   2001

    2002

    2003

    2004

     

Consolidated pretax earnings from continuing operations

   $ 70,672    $ (276,766 )   $ (92,225 )   $ (55,010 )   $ 74,974    $ 1,053    $ 455,653

Interest expense

     —        —         —         —         992      750      1,500

Amortization of debt issuance costs

     —        —         —         —         982      743      1,486

Interest portion of rental expense

     10,200      10,500       8,700       7,200       6,440      1,721      3,486
    

  


 


 


 

  

  

Earnings

   $ 80,872    $ (266,266 )   $ (83,525 )   $ (47,810 )   $ 83,388    $ 4,267    $ 462,125
    

  


 


 


 

  

  

Interest expense

   $ —      $ —       $ —       $ —       $ 992    $ 750    $ 1,500

Amortization of debt issuance costs

     —        —         —         —         982      743      1,486

Interest portion of rental expense

     10,200      10,500       8,700       7,200       6,440      1,721      3,486
    

  


 


 


 

  

  

Fixed charges

   $ 10,200    $ 10,500     $ 8,700     $ 7,200     $ 8,414    $ 3,214    $ 6,472
    

  


 


 


 

  

  

Ratio of earnings to fixed charges

     7.9      (25.4 )     (9.6 )     (6.6 )     9.9      1.3      71.4