EAGLE MATERIALS INC - FORM 10-Q - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 4, 2011

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10-Q - FORM 10-Q - EAGLE MATERIALS INCd10q.htm
EX-32.1 - CERTIFICATION OF CEO PURSUANT TO SECTION 906 - EAGLE MATERIALS INCdex321.htm
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EX-31.2 - CFO CERTIFICATION PURSUANT TO RULES 13A-14 AND 15D-14 - EAGLE MATERIALS INCdex312.htm

Exhibit 12.1

 

     Nine  Months
Ended
December 31,
2010		        
       Fiscal Year Ended March 31,  
       2010     2009     2008     2007     2006  

Earnings (1):

             

Earnings before income taxes

      31,608        39,297        62,183        144,384        304,288        241,066   

Add: Fixed charges

      13,665        18,480        24,714        20,866        12,050        8,675   

Add: Amortization of capitalized interest and FIN 48 Interest

      69        3,857        5,358        6,597        30        —     

Add: Cash distributions from equity method investments

      20,250        29,750        33,000        37,750        29,000        27,250   

Subtract: Income from equity method investments

      (17,868 )      (24,157 )      (32,426 )      (33,982 )      (32,765 )      (26,917 ) 
                                                

Total Earnings

      47,724        67,227        92,829        175,615        312,603        250,074   

Fixed Charges (2):

             

Interest expense

      13,437        18,180        24,433        20,530        11,709        8,290   

Interest component of rent expense

      228        300        281        336        341        385   
                                                

Total Fixed Charges

      13,665        18,480        24,714        20,866        12,050        8,675   

Ratio of Earnings to Fixed Charges

      3.5x        3.6x        3.8x        8.4x        25.9x        28.8x   

 

(1) Earnings represent earnings before income taxes and before income from equity method investments plus: (a) fixed charges; and (b) cash distributions from equity method investments.
(2) Fixed charges include: (a) interest expense, whether expensed or capitalized, less interest accrued for uncertain tax positions; and (b) the portion of operating rental expense which management believes is representative of the interest component of rent expense.

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