EAGLE MATERIALS INC - FORM 10-Q - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - August 5, 2011

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EXCEL - IDEA: XBRL DOCUMENT - EAGLE MATERIALS INCFinancial_Report.xls
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - EAGLE MATERIALS INCdex312.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - EAGLE MATERIALS INCdex322.htm
EX-99.1 - MINE SAFETY DISCLOSURE - EAGLE MATERIALS INCdex991.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - EAGLE MATERIALS INCdex321.htm
10-Q - FORM 10-Q - EAGLE MATERIALS INCd10q.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - EAGLE MATERIALS INCdex311.htm

Exhibit 12.1

 

     Three Months                                
     Ended                                
     June 30     Fiscal Year Ended March 31,  
     2011     2011     2010     2009     2008     2007  

Earnings (1):

             

Earnings before income taxes

      4,039        16,762        39,297        62,183        144,384        304,288   

Add: Fixed charges

      4,659        18,291        18,480        24,714        20,866        12,050   

Add: Amortization of capitalized interest and FIN 48 Interest

      134        (932 )      3,857        5,358        6,597        30   

Add: Cash distributions from equity method investments

      5,000        24,500        29,750        33,000        37,750        29,000   

Subtract: Income from equity method investments

      (5,448 )      (24,233 )      (24,157 )      (32,426 )      (33,982 )      (32,765 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Earnings

      8,384        34,388        67,227        92,829        175,615        312,603   

Fixed Charges (2):

             

Interest expense

      4,585        17,995        18,180        24,433        20,530        11,709   

Interest component of rent expense

      74        296        300        281        336        341   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Fixed Charges

      4,659        18,291        18,480        24,714        20,866        12,050   

Ratio of Earnings to Fixed Charges

      1.8x        1.9x        3.6x        3.8x        8.4x        25.9x   

 

(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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