Exhibit 12
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(in thousands) | Year Ended September 30, | |||||||||||||||
| 2004 | 2005 | 2006 | 2007 | 2008 | ||||||||||||
Fixed Charges Computation | ||||||||||||||||
Interest expensed and capitalized (1) | $ | 13,857 | $ | 49,043 | $ | 35,119 | $ | 29,671 | $ | 23,205 | ||||||
Amortized premiums, discounts, and capitalized expenses related to indebtedness | 6,031 | 10,634 | 2,843 | 5,318 | 2,773 | |||||||||||
Reasonable approximation of interest within rental expense | 1,462 | 2,433 | 3,092 | 3,440 | 3,499 | |||||||||||
Total Fixed Charges and Preferred Equity Dividends | $ | 21,350 | $ | 62,110 | $ | 41,054 | $ | 38,429 | $ | 29,477 | ||||||
Earnings Computation | ||||||||||||||||
Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees | $ | 105,107 | $ | 163,808 | $ | 137,816 | $ | 59,236 | $ | (161,874 | ) | |||||
Plus | ||||||||||||||||
Fixed charges | 21,350 | 62,110 | 41,054 | 38,429 | 29,477 | |||||||||||
Minus | ||||||||||||||||
Interest capitalized | 435 | 464 | 1,027 | 784 | 894 | |||||||||||
Total Earnings | $ | 126,022 | $ | 225,454 | $ | 177,843 | $ | 96,881 | $ | (133,291 | ) | |||||
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends | 5.90 | 3.63 | 4.33 | 2.52 | N/A | |||||||||||
| (1) | Interest expense associated with unrecognized tax benefits is included in income tax expense, not with interest expense. |