EX-12.1 2 mtz9301510-qex121.htm EXHIBIT 12.1
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollar amounts in thousands)

| For the Nine Months Ended September 30,
| 2015 |  | 2014
|  |  | As Restated
Earnings: |  |  |
Income from continuing operations before income taxes | $ | 522 |  |  | $ | 154,016 |
Add: Fixed charges | 105,780 |  |  | 102,384 |
Less: Undistributed losses from equity method investees | (3,594 | ) |  | (276 | )
Total earnings | $ | 109,896 |  |  | $ | 256,676 |
Fixed charges: |  |  |
Interest expense | $ | 36,320 |  |  | $ | 37,695 |
Estimate of interest expense within rental expense | 69,460 |  |  | 64,689 |
Total fixed charges | $ | 105,780 |  |  | $ | 102,384 |
Ratio of earnings to fixed charges | 1.0 |  |  | 2.5 |