| Six Months Ended | Fiscal Year Ended | |||||||||||||||||||||||||||
| September 30 | March 31, | |||||||||||||||||||||||||||
| 2007 | 2006 | 2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||||||||||||||
Income before provision for income taxes
and minority interest |
$ | 85,550 | $ | 55,367 | $ | 115,738 | $ | 74,635 | $ | 73,605 | $ | 70,609 | $ | 60,755 | ||||||||||||||
Add: amortization of capitalized interest |
197 | 71 | 183 | 171 | 102 | 36 | — | |||||||||||||||||||||
Add: fixed charges (from below) |
18,515 | 11,732 | 23,559 | 21,148 | 20,215 | 20,462 | 16,504 | |||||||||||||||||||||
Add: equity in earnings from
unconsolidated equity affiliates under
(over) dividends received |
(4,229 | ) | (970 | ) | (3,754 | ) | (337 | ) | 9,802 | (5,114 | ) | (4,767 | ) | |||||||||||||||
Less: capitalized interest |
(5,926 | ) | (2,492 | ) | (6,353 | ) | (2,426 | ) | (1,284 | ) | (1,200 | ) | — | |||||||||||||||
Earnings |
$ | 94,107 | $ | 63,708 | $ | 129,373 | $ | 93,191 | $ | 102,440 | $ | 84,793 | $ | 72,492 | ||||||||||||||
Fixed charges |
||||||||||||||||||||||||||||
Fixed charges: |
||||||||||||||||||||||||||||
Interest expense: |
||||||||||||||||||||||||||||
Interest on indebtedness (1) |
$ | 9,456 | $ | 6,107 | $ | 10,940 | $ | 14,689 | $ | 15,665 | $ | 16,829 | 14,904 | |||||||||||||||
Capitalized |
5,926 | 2,492 | 6,353 | 2,426 | 1,284 | 1,200 | — | |||||||||||||||||||||
Interest portion of rental expense |
3,133 | 3,133 | 6,266 | 4,033 | 3,266 | 2,433 | 1,600 | |||||||||||||||||||||
Fixed charges |
$ | 18,515 | $ | 11,732 | $ | 23,559 | $ | 21,148 | $ | 20,215 | $ | 20,462 | $ | 16,504 | ||||||||||||||
Ratio (earnings divided by fixed charges) |
5.1 | 5.4 | 5.5 | 4.4 | 5.1 | 4.1 | 4.4 | |||||||||||||||||||||
| (1) | Includes amortization of debt issuance costs. |