Exhibit 12
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
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| Nine Months ended |
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| Year Ended September 30, |
| June 30, |
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(dollars in thousands) |
| 2010** |
| 2011 |
| 2012** |
| 2013 |
| 2014 |
| 2015 |
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Fixed Charges Computation |
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Interest expensed and capitalized (1) |
| $ | 55,908 |
| $ | 106,557 |
| $ | 38,809 |
| $ | 37,100 |
| $ | 44,768 |
| $ | 50,877 |
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Amortized premiums, discounts, and capitalized expenses related to indebtedness |
| 16,027 |
| 20,069 |
| 14,184 |
| 5,841 |
| 2,175 |
| 5,611 |
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Reasonable approximation of interest within rental expense |
| 3,670 |
| 3,323 |
| 3,106 |
| 3,454 |
| 3,342 |
| 2,547 |
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Total Fixed Charges and Preferred Equity Dividends |
| $ | 75,605 |
| $ | 129,949 |
| $ | 56,099 |
| $ | 46,395 |
| $ | 50,285 |
| $ | 59,035 |
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Earnings Computation |
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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 |
| $ | 4,768 |
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Plus |
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Fixed charges |
| 75,605 |
| 129,949 |
| 56,099 |
| 46,395 |
| 50,285 |
| 59,035 |
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Minus |
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Interest capitalized |
| 441 |
| 91 |
| 137 |
| 192 |
| 427 |
| 431 |
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Total Earnings |
| $ | 28,774 |
| $ | (8,235 | ) | $ | 39,508 |
| $ | 58,412 |
| $ | 70,434 |
| $ | 63,372 |
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Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends |
| 0.38 |
| N/A | * | 0.70 |
| 1.26 |
| 1.40 |
| 1.07 |
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* Total earnings for this period were less than zero dollars. The deficiency of earnings to fixed charges for the year ended September 30, 2011 was $138.2 million.
** The deficiency of earnings to fixed charges for the years ended September 30, 2010 and 2012 were $46.8 million and $16.6 million, respectively.
(1) Interest expense associated with unrecognized tax benefits is included in income tax expense, not with interest expense.
