Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
| 2004 | 2005 | 2006 | 2007 | 2008 | ||||||||||||||||
| Fixed charges: |
||||||||||||||||||||
| Interest expense, other |
$ | 35,465 | $ | 38,625 | $ | 36,105 | $ | 36,411 | $ | 54,430 | ||||||||||
| Capitalized interest |
2,795 | 2,328 | 3,651 | 2,463 | 1,543 | |||||||||||||||
| Rent expense (interest factor) |
18,610 | 22,403 | 27,927 | 28,613 | 28,420 | |||||||||||||||
| Total fixed charges |
56,870 | 63,356 | 67,683 | 67,487 | 84,393 | |||||||||||||||
| Income from continuing operations before income taxes and cumulative effect of change in accounting principle |
107,825 | 134,575 | 125,314 | 161,819 | (764,975 | ) | ||||||||||||||
| Add: Fixed charges |
56,870 | 63,356 | 67,683 | 67,487 | 84,393 | |||||||||||||||
| Less: Capitalized interest |
(2,795 | ) | (2,328 | ) | (3,651 | ) | (2,463 | ) | (1,543 | ) | ||||||||||
| Income from continuing operations before income taxes and cumulative effect of change in accounting principle & fixed charges |
$ | 161,900 | $ | 195,603 | $ | 189,346 | $ | 226,843 | $ | (682,125 | ) | |||||||||
| Ratio of earnings to fixed charges |
2.8 | x | 3.1 | x | 2.8 | x | 3.4 | x | $ | (766,518 | ) | |||||||||