Fiscal Year Ended | ||||||||||||||||||||
July 31, 2013 | July 31, 2012 | July 31, 2011 | July 31, 2010 | July 31, 2009 | ||||||||||||||||
Determination of Earnings: | ||||||||||||||||||||
Earnings before income taxes | $ | 411,626 | $ | 366,910 | $ | 368,719 | $ | 272,595 | $ | 225,978 | ||||||||||
Fixed charges | 35,638 | 40,754 | 37,107 | 30,697 | 47,263 | |||||||||||||||
Amortization of capitalized interest | 257 | 165 | 167 | 218 | 246 | |||||||||||||||
Capitalized interest | — | (277 | ) | (404 | ) | (225 | ) | (489 | ) | |||||||||||
Total earnings as defined | $ | 447,521 | $ | 407,552 | $ | 405,589 | $ | 303,285 | $ | 272,998 | ||||||||||
Determination of Fixed Charges: | ||||||||||||||||||||
Interest Expense (*) | $ | 24,073 | $ | 28,704 | $ | 26,055 | $ | 19,910 | $ | 36,864 | ||||||||||
Rents (**) | 11,565 | 11,773 | 10,648 | 10,562 | 9,910 | |||||||||||||||
Capitalized interest | — | 277 | 404 | 225 | 489 | |||||||||||||||
Total fixed charges | $ | 35,638 | $ | 40,754 | $ | 37,107 | $ | 30,697 | $ | 47,263 | ||||||||||
Computation of Ratio of Earnings to Fixed Charges | 12.6 | 10.0 | 10.9 | 9.9 | 5.8 | |||||||||||||||
(*) | Interest expense includes the amortized premiums, discounts and capitalized expenses related to indebtedness. |
(**) | Rents included in the computation consist of one-third of rental expense. |