STATEMENT RE COMPUTATION OF RATIOS
Published on September 11, 2002
Exhibit 12 |
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Statement re computation of ratios |
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Six Months Ended |
Fiscal Years Ended |
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7/31/2002 | 7/31/2001 | 2002 |
2001 |
2000 |
1999 |
1998 |
||
Income before income taxes |
5,832 |
4,832 |
10,751 |
10,116 |
9,083 |
7,323 |
5,719 |
|
Capitalized interest |
(65) |
(47) |
(130) |
(93) |
(57) |
(41) |
(33) |
|
Minority interest |
(86) |
(67) |
(183) |
(129) |
(170) |
(153) |
(78) |
|
Adjusted profit before tax |
5,681 |
4,718 |
10,438 |
9,894 |
8,856 * |
7,129 |
5,608 |
|
Fixed Charges |
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Debt interest |
415 |
569 |
1,052 |
1,095 |
756 |
529 |
555 |
|
Capital lease interest |
128 |
135 |
274 |
279 |
266 |
268 |
229 |
|
Capitalized interest |
65 |
47 |
130 |
93 |
57 |
41 |
33 |
|
Interest component of rent |
448 |
377 |
834 |
714 |
458 |
523 |
477 |
|
Total fixed expense |
1,056 |
1,128 |
2,290 |
2,181 |
1,537 |
1,361 |
1,294 |
|
Profit before taxes and fixed expenses |
6,737 |
5,846 |
12,728 |
12,075 |
10,393 |
8,490 |
6,902 |
|
Fixed charge coverage |
6.38 |
5.18 |
5.56 |
5.54 |
6.76 |
6.24 |
5.33 |
|
* Does not include the cumulative effect of accounting change recorded by the Company in Fiscal 2000 |