EX-12.1 3 a10-16235_1ex12d1.htm EX-12.1

Exhibit 12.1

 

Statement Regarding Computation of Ratio of Earnings to Fixed Charges

 

 

 

Six months ended June 30,

 

Year Ended December 31,

 

 

 

2010

 

2009

 

2009

 

2008

 

2007

 

2006

 

2005

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

$

15,169

 

$

17,059

 

$

33,094

 

$

31,845

 

$

23,399

 

$

19,184

 

$

23,900

 

Fixed charges

 

503

 

382

 

721

 

668

 

653

 

809

 

874

 

Total earnings

 

$

15,672

 

$

17,441

 

$

33,815

 

$

32,513

 

$

24,052

 

$

19,993

 

$

24,774

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

50

 

37

 

28

 

17

 

3

 

12

 

18

 

Estimated interest within rental expense (1)

 

453

 

345

 

693

 

651

 

650

 

797

 

856

 

Total fixed charges

 

$

503

 

$

382

 

$

721

 

$

668

 

$

653

 

$

809

 

$

874

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

31.2

 

45.7

 

46.9

 

48.7

 

36.8

 

24.7

 

28.3

 

 

(1) The Company utilized 25% of rental expenses relating to operating leases as the interest portion which it believes is a reasonable approximation of interest factor.