Exhibit 12.1
Statement Regarding Computation of Ratio of Earnings to Fixed Charges and Preference Dividends
Ratio of Earnings to Fixed Charges (dollar amounts in thousands) | Nine Months Ended September 30, | Year Ended December 31, | ||||||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income from continuing operations before income taxes | $ | 325,015 | $ | 388,171 | $ | 353,245 | $ | 311,152 | $ | 287,700 | $ | 241,418 | ||||||||||||
Add: | ||||||||||||||||||||||||
Fixed charges | 11,388 | 11,465 | 10,488 | 9,900 | 9,250 | 7,679 | ||||||||||||||||||
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Total Earnings | $ | 336,403 | $ | 399,636 | $ | 363,733 | $ | 321,052 | $ | 296,950 | $ | 249,097 | ||||||||||||
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Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 4,765 | $ | 3,511 | $ | 3,567 | $ | 3,311 | $ | 3,201 | $ | 2,881 | ||||||||||||
Estimate of interest expense within rental expense | 6,623 | 7,954 | 6,921 | 6,589 | 6,049 | 4,798 | ||||||||||||||||||
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Total Fixed Charges | $ | 11,388 | $ | 11,465 | $ | 10,488 | $ | 9,900 | $ | 9,250 | $ | 7,679 | ||||||||||||
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Ratio of Earnings to Fixed Charges | 29.54 | 34.86 | 34.68 | 32.43 | 32.10 | 32.44 | ||||||||||||||||||
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