Exhibit 12.1
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| Fiscal Year Ended July 31, |
| Nine months |
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Earnings |
| 2012 |
| 2013 |
| 2014 |
| 2015 |
| 2016 |
| 2017 |
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Pre-tax income from continuing operations |
| $ | (9,768 | ) | $ | 59,022 |
| $ | 36,231 |
| $ | 29,774 |
| $ | (672,071 | ) | $ | 1,554 |
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Add: Fixed charges (see below) |
| 98,841 |
| 94,161 |
| 111,478 |
| 105,232 |
| 144,090 |
| 117,219 |
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Less: capitalized interest |
| — |
| — |
| — |
| — |
| — |
| — |
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Income as adjusted (a) |
| $ | 89,073 |
| $ | 153,183 |
| $ | 147,709 |
| $ | 135,006 |
| $ | (527,981 | ) | $ | 118,773 |
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Fixed charges |
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Interest, either expensed or capitalized, and amortized capitalized expenses related to indebtedness |
| 93,254 |
| 89,145 |
| 107,704 |
| 100,396 |
| 137,937 |
| 112,107 |
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Interest portion of lease expense |
| 5,587 |
| 5,016 |
| 3,774 |
| 4,836 |
| 6,153 |
| 5,112 |
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Fixed charges (b) |
| $ | 98,841 |
| $ | 94,161 |
| $ | 111,478 |
| $ | 105,232 |
| $ | 144,090 |
| $ | 117,219 |
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Ratio of Earnings to Fixed Charges (a/b) |
| 0.9 |
| 1.6 |
| 1.3 |
| 1.3 |
| -3.7 |
| 1.0 |
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