Exhibit 12
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
Year Ended September 30, | Quarter Ended December 31 2008 | ||||||||||||||||||
(in thousands) | 2004 | 2005 | 2006 | 2007 | 2008 | ||||||||||||||
Fixed Charges Computation | |||||||||||||||||||
Interest expensed and capitalized (1) | $ | 13,857 | $ | 49,043 | $ | 35,119 | $ | 29,671 | $ | 23,205 | $ | 7,254 | |||||||
Amortized premiums, discounts, and capitalized expenses related to indebtedness | 6,031 | 10,634 | 2,843 | 5,318 | 2,773 | 2,005 | |||||||||||||
Reasonable approximation of interest within rental expense | 1,462 | 2,433 | 3,092 | 3,440 | 3,499 | 872 | |||||||||||||
Total Fixed Charges and Preferred Equity Dividends | $ | 21,350 | $ | 62,110 | $ | 41,054 | $ | 38,429 | $ | 29,477 | $ | 10,131 | |||||||
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 | ) | $ | 2,147 | ||||||
Plus | |||||||||||||||||||
Fixed charges | 21,350 | 62,110 | 41,054 | 38,429 | 29,477 | 10,131 | |||||||||||||
Minus | |||||||||||||||||||
Interest capitalized | 435 | 464 | 1,027 | 784 | 894 | 355 | |||||||||||||
Total Earnings | $ | 126,022 | $ | 225,454 | $ | 177,843 | $ | 96,881 | $ | (133,291 | ) | $ | 11,923 | ||||||
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends | 5.90 | 3.63 | 4.33 | 2.52 | N/A | 1.18 |
(1) | Interest expense associated with unrecognized tax benefits is included in income tax expense, not with interest expense. |