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Exhibit 12.1
Ratio of Earnings to Fixed Charges

The following table sets forth our ratios of consolidated earnings to fixed charges for the periods presented:

 
 
 
Years Ended December 31,
 
 
 
2014
 
2013
 
2012
 
2011
 
2010
Earnings
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before income taxes
$
34,623

 
$
38,781

 
$
26,154

 
$
22,587

 
$
19,577

 
Fixed charges
2,060

 
5,099

 
4,446

 
2,708

 
3,264

 
 
Total earnings, as adjusted
$
36,683

 
$
43,880

 
$
30,600

 
$
25,295

 
$
22,841

Fixed Charges
 
 
 
 
 
 
 
 
 
 
Interest expense & amortization of debt issuance costs
$
999

 
$
4,125

 
$
3,486

 
$
1,982

 
$
2,637

 
Interest portion of rental expense (1)
1,061

 
974

 
960

 
726

 
627

 
 
Total fixed charges
$
2,060

 
$
5,099

 
$
4,446

 
$
2,708

 
$
3,264

Ratio of Earnings to Fixed Charges
17.8

 
8.6

 
6.9

 
9.3

 
7



(1) Represents one-third of total rent expense which we believe is a reasonable estimate of the interest component of rent expense.