EX-12.1 5 p66541ex12-1.txt EX-12.1 EXHIBIT 12.1 VIAD CORP - TOTAL ENTERPRISE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (DOLLARS IN THOUSANDS)
THREE MONTHS ENDED MARCH 31, YEAR ENDED DECEMBER 31, --------------------- ------------------------------------------------------------ 2002 2001 2001 2000 1999 1998 1997 -------- -------- -------- -------- -------- -------- -------- Earnings available for fixed charges: Pretax income from continuing operations ......... $ 44,176 $ 34,054 $ 46,746 $167,037 $153,419 $123,450 $ 67,713 Minority interests .............. 434 (274) 1,326 1,717 2,078 2,165 1,237 Fixed charges, excluding capitalized interest .......... 8,606 11,107 38,401 37,368 39,210 39,292 47,033 -------- -------- -------- -------- -------- -------- -------- $ 53,216 $ 44,887 $ 86,473 $206,122 $194,707 $164,907 $115,983 ======== ======== ======== ======== ======== ======== ======== Fixed charges: Interest expense(1) ............. $ 5,081 $ 7,545 $ 25,936 $ 25,303 $ 26,888 $ 27,212 $ 34,296 Interest capitalized ............ 27 85 195 1,032 -- -- -- Estimated portion of rental expense representing interest ......... 3,525 3,562 12,465 12,065 12,322 12,080 12,737 -------- -------- -------- -------- -------- -------- -------- $ 8,633 $ 11,192 $ 38,596 $ 38,400 $ 39,210 $ 39,292 $ 47,033 ======== ======== ======== ======== ======== ======== ======== Ratio of earnings (available for fixed charges) to fixed charges ................ 6.16 4.01 2.24 5.37 4.97 4.20 2.47 ======== ======== ======== ======== ======== ======== ========
(1) Amortization of debt discount is not separately listed as such amounts are included in interest expense.