Exhibit 12.1
Computation of Ratios of Earnings to Fixed Charges
(in thousands, except ratios) | Six Months Ended June 30, 2014 | Year Ended December 31, | ||||||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||
Computation of “Earnings”: | ||||||||||||||||||||||||
Income from continuing operations before income taxes | $ | 76,798 | $ | 184,985 | $ | 183,356 | $ | 189,833 | $ | 181,613 | $ | 188,247 | ||||||||||||
Add: | ||||||||||||||||||||||||
Interest expense, including amortization of debt issuance costs | 6,789 | 13,469 | 14,265 | 13,955 | 14,519 | 13,396 | ||||||||||||||||||
Portion of rents representative of the interest factor | 13,112 | 25,565 | 20,291 | 18,765 | 18,450 | 18,059 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Earnings, as adjusted | $ | 96,699 | $ | 224,019 | $ | 217,912 | $ | 222,553 | $ | 214,582 | $ | 219,702 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Computation of “Fixed Charges”: | ||||||||||||||||||||||||
Interest expense, including amortization of debt issuance costs | 6,789 | 13,469 | 14,265 | 13,955 | 14,519 | 13,396 | ||||||||||||||||||
Portion of rents representative of the interest factor | 13,112 | 25,565 | 20,291 | 18,765 | 18,450 | 18,059 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Fixed Charges | $ | 19,901 | $ | 39,034 | $ | 34,556 | $ | 32,720 | $ | 32,969 | $ | 31,455 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio of Earnings to Fixed Charges | 4.9x | 5.7x | 6.3x | 6.8x | 6.5x | 7.0x | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|