Exhibit 12
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
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| Quarter Ended |
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| Year Ended September 30, |
| December 31, |
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(dollars in thousands) |
| 2011 |
| 2012** |
| 2013 |
| 2014 |
| 2015 |
| 2015 |
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Fixed Charges Computation |
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Interest expensed and capitalized (1) |
| $ | 106,557 |
| $ | 38,809 |
| $ | 37,100 |
| $ | 44,768 |
| $ | 58,681 |
| $ | 7,820 |
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Amortized premiums, discounts, and capitalized expenses related to indebtedness |
| 20,069 |
| 14,184 |
| 5,841 |
| 2,175 |
| 6,179 |
| 567 |
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Reasonable approximation of interest within rental expense |
| 3,323 |
| 3,106 |
| 3,454 |
| 3,342 |
| 3,437 |
| 863 |
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Total Fixed Charges and Preferred Equity Dividends |
| $ | 129,949 |
| $ | 56,099 |
| $ | 46,395 |
| $ | 50,285 |
| $ | 68,297 |
| $ | 9,250 |
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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 |
| $ | (138,093 | ) | $ | (16,454 | ) | $ | 12,209 |
| $ | 20,576 |
| $ | 37,932 |
| $ | 16,550 |
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Plus |
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Fixed charges |
| 129,949 |
| 56,099 |
| 46,395 |
| 50,285 |
| 68,297 |
| 9,250 |
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Minus |
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Interest capitalized |
| 91 |
| 137 |
| 192 |
| 427 |
| 585 |
| 170 |
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Total Earnings |
| $ | (8,235 | ) | $ | 39,508 |
| $ | 58,412 |
| $ | 70,434 |
| $ | 105,644 |
| $ | 25,630 |
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Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends |
| N/A | * | 0.70 |
| 1.26 |
| 1.40 |
| 1.55 |
| 2.77 |
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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. |
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** | The deficiency of earnings to fixed charges for the year ended September 30, 2012 was $16.6 million. |
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(1) | Interest expense associated with unrecognized tax benefits is included in income tax expense, not with interest expense. |