EX-12.1 4 dex121.htm STATEMENT OF COMPUTATION OF RATIOS Statement of Computation of Ratios

Exhibit 12.1

 

Statement of Computation of Ratio of Earnings to Fixed Charges

 

    

Year ended

January 31,


  

6 months
ended

July 31,


     2000

   2001

   2002

   2003

    2004

   2004

     (in thousands, except ratios)

Pre-tax income (loss) before adjustment for minority interests in consolidated subsidiaries and income or loss from equity investees

   $ 188,845    $ 245,700    $ 58,343    $ (123,839 )   $ 8,580    $ 30,665

Fixed charges:

                                          

Portion of rent representative of interest factor

     7,500      9,435      12,154      12,011       10,539      5,313

Amortization of debt issuance costs

     1,271      1,489      2,771      1,760       1,655      908

Interest expense

     19,423      18,031      18,344      11,552       6,980      1,882
    

  

  

  


 

  

Total fixed charges

     28,194      28,955      33,269      25,323       19,174      8,103
    

  

  

  


 

  

Earnings before fixed charges

   $ 217,039    $ 274,655    $ 91,612    $ (98,516 )   $ 27,754    $ 38,768
    

  

  

  


 

  

Ratio of earnings to fixed charges

     7.7      9.5      2.8      N/A       1.4      4.8
    

  

  

  


 

  

                                            

Earnings deficiency to cover fixed charges

                        $ 123,839