QuickLinks -- Click here to rapidly navigate through this document
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
| | Year Ended September 30, | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (dollars in thousands) | 2010 | 2011 | 2012 | 2013 | 2014 | |||||||||||
Fixed Charges Computation | ||||||||||||||||
Interest expensed and capitalized(1) | $ | 55,908 | $ | 106,557 | $ | 38,809 | $ | 37,100 | $ | 44,768 | ||||||
Amortized premiums, discounts, and capitalized expenses related to indebtedness | 16,027 | 20,069 | 14,184 | 5,841 | 2,175 | |||||||||||
Reasonable approximation of interest within rental expense | 3,670 | 3,323 | 3,106 | 3,454 | 3,342 | |||||||||||
| | | | | | | | | | | | | | | | | |
Total Fixed Charges and Preferred Equity Dividends | $ | 75,605 | $ | 129,949 | $ | 56,099 | $ | 46,395 | $ | 50,285 | ||||||
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
Earnings Computation | ||||||||||||||||
Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees | $ | (46,390 | ) | $ | (138,093 | ) | $ | (16,454 | ) | $ | 12,209 | $ | 20,576 | |||
Plus | ||||||||||||||||
Fixed charges | 75,605 | 129,949 | 56,099 | 46,395 | 50,285 | |||||||||||
Minus | ||||||||||||||||
Interest capitalized | 441 | 91 | 137 | 192 | 427 | |||||||||||
| | | | | | | | | | | | | | | | | |
Total Earnings | $ | 28,774 | $ | (8,235 | ) | $ | 39,508 | $ | 58,412 | $ | 70,434 | |||||
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends | 0.38 | N/A* | 0.70 | 1.26 | 1.40 | |||||||||||
- *
- Total earnings for this period was less than zero dollars. The deficiency of earnings to fixed charges for the year ended September 30, 2011 was $138.2 million.
- (1)
- Interest expense associated with unrecognized tax benefits is included in income tax expense, not with interest expense.