EX-12.1 3 0003.txt EXHIBIT 12.1 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (dollars in thousands)
SIX MONTHS ENDED FISCAL YEAR ENDED JANUARY 31, JULY 31, 2000 ---------------------------------------------------------------- ------------- EARNINGS: 1996 1997 1998 1999 2000 --------- -------- -------- -------- -------- -------- EBIT, as reported $ 55,604 $115,011 $172,638 $230,304 $271,872 $159,826 Add: Portion of lease expense attributable to interest 2,516 3,387 5,235 9,005 13,131 12,968 -------- -------- -------- -------- -------- -------- Adjusted EBIT 58,120 118,398 177,873 239,309 285,003 172,794 -------- -------- -------- -------- -------- -------- FIXED CHARGES: -------------- Interest, as reported 20,086 21,522 29,908 44,988 65,965 40,519 Add: Portion of lease expense attributable to interest 2,516 3,387 5,235 9,005 13,131 12,968 -------- -------- -------- -------- -------- -------- Adjusted Fixed Charges 22,602 24,909 35,143 53,993 79,096 53,487 -------- -------- -------- -------- -------- -------- Ratio of Earnings to Fixed Charges 2.57 4.75 5.06 4.43 3.60 3.23 ======== ======== ======== ======== ======== ========