EXHIBIT 12
Statement regarding computation of ratio of earnings to fixed charges
Year ended June 30, | |||||||||||||||||||
2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||
(in thousands, except for ratio of earnings to fixed charges) | |||||||||||||||||||
Fixed charges | |||||||||||||||||||
Interest expensed and capitalized | $ | 9,345 | $ | 8,672 | $ | 1,047 | $ | 9,462 | $ | 11,689 | |||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | - | - | - | - | - | ||||||||||||||
Estimate of the interest within rental expense | 678 | 628 | 472 | 365 | 381 | ||||||||||||||
Preference security dividend requirements of consolidated subsidiaries | - | - | - | - | - | ||||||||||||||
Fixed charges | 10,023 | 9,300 | 1,519 | 9,827 | 12,070 | ||||||||||||||
Earnings | |||||||||||||||||||
Add | 70,404 | 45,710 | 80,399 | 140,747 | 138,178 | ||||||||||||||
Pretax income from continuing operations before adjustment for non-controlling interests in consolidated subsidiaries or income or loss from equity investees | 60,381 | 36,410 | 78,880 | 130,920 | 126,108 | ||||||||||||||
Fixed charges | 10,023 | 9,300 | 1,519 | 9,827 | 12,070 | ||||||||||||||
Amortization of capitalized interest | - | - | - | - | - | ||||||||||||||
Distributed income of equity investees | - | - | - | - | - | ||||||||||||||
Your share of pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges | - | - | - | - | - | ||||||||||||||
Less | - | ||||||||||||||||||
Interest capitalized | - | - | - | - | - | ||||||||||||||
Preference security dividend requirements of consolidated subsidiaries | - | - | - | - | - | ||||||||||||||
Non-controlling interest in pre-tax income of subsidiaries that have not incurred fixed charges | - | - | - | - | |||||||||||||||
Earnings | $ | 70,404 | $ | 45,710 | $ | 80,399 | $ | 140,747 | $ | 138,178 | |||||||||
Ratio of earnings to fixed charges | 7.02 | 4.92 | 52.93 | 14.32 | 11.45 |