Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
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| Nine Months |
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| Ended |
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| Year Ended September 30, |
| June 30, |
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(dollars in thousands) |
| 2011 |
| 2012** |
| 2013 |
| 2014 |
| 2015 |
| 2016 |
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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 |
| $ | 24,437 |
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Amortized premiums, discounts, and capitalized expenses related to indebtedness |
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| 20,069 |
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| 14,184 |
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| 5,841 |
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| 2,175 |
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| 6,179 |
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| 1,745 |
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Reasonable approximation of interest within rental expense |
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| 3,323 |
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| 3,106 |
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| 3,454 |
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| 3,342 |
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| 3,437 |
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| 2,648 |
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Total Fixed Charges and Preferred Equity Dividends |
| $ | 129,949 |
| $ | 56,099 |
| $ | 46,395 |
| $ | 50,285 |
| $ | 68,297 |
| $ | 28,830 |
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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 |
| $ | 47,303 |
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Plus |
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Fixed charges |
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| 129,949 |
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| 56,099 |
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| 46,395 |
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| 50,285 |
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| 68,297 |
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| 28,830 |
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Minus |
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Interest capitalized |
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| 91 |
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| 137 |
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| 192 |
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| 427 |
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| 585 |
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| 637 |
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Total Earnings |
| $ | (8,235) |
| $ | 39,508 |
| $ | 58,412 |
| $ | 70,434 |
| $ | 105,644 |
| $ | 75,496 |
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Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends |
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| N/A * |
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| 0.70 |
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| 1.26 |
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| 1.40 |
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| 1.55 |
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| 2.62 |
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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 year ended September 30, 2012 was $16.6 million.
(1) | Interest expense associated with unrecognized tax benefits is included in income tax expense, not with interest expense. |
