Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except ratios)
| Fiscal Year Ended August 31, | Six Months Ended | LTM | ||||||||||||||||||||||||||||||
| 2000 | 2001 | 2002 | 2003 | 2004 | February 29, 2004 | February 28, 2005 | February 28, 2005 | |||||||||||||||||||||||||
FIXED CHARGES | ||||||||||||||||||||||||||||||||
Interest expensed and capitalized | $ | 22,962 | $ | 21,051 | $ | 20,064 | $ | 21,376 | $ | 21,445 | $ | 10,480 | $ | 11,702 | $ | 22,667 | ||||||||||||||||
Amortized premiums related to indebtedness | 683 | 923 | 818 | 928 | 925 | 432 | 497 | 990 | ||||||||||||||||||||||||
Estimate of interest within rental expense | 349 | 338 | 3,252 | 4,422 | 4,333 | 2,231 | 2,105 | 4,207 | ||||||||||||||||||||||||
Total Fixed Charges | $ | 23,994 | $ | 22,312 | $ | 24,134 | $ | 26,726 | $ | 26,703 | $ | 13,143 | $ | 14,304 | $ | 27,864 | ||||||||||||||||
EARNINGS | ||||||||||||||||||||||||||||||||
ADD | ||||||||||||||||||||||||||||||||
Pretax income (loss) from continuing operations before minority interest in consolidated subsidiaries or income (loss) from equity investees | $ | 13,513 | $ | 29,300 | $ | (40,537 | ) | $ | (8,641 | ) | $ | 18,795 | $ | 5,791 | $ | (15,465 | ) | $ | (2,461 | ) | ||||||||||||
Fixed Charges | 23,994 | 22,312 | 24,134 | 26,726 | 26,703 | 13,143 | 14,304 | 27,864 | ||||||||||||||||||||||||
TOTAL ADJUSTMENT EARNINGS | $ | 37,507 | $ | 51,612 | $ | (16,403 | ) | $ | 18,085 | $ | 45,498 | $ | 18,934 | $ | (1,161 | ) | $ | 25,403 | ||||||||||||||
RATIO OF ADJUSTED EARNINGS TO FIXED CHARGES | 1.56 | x | 2.31 | x | — | — | 1.70 | x | 1.44 | x | — | — | ||||||||||||||||||||
DEFICIENCY OF EARNINGS TO FIXED CHARGES | $ | — | $ | — | $ | (40,537 | ) | $ | (8,641 | ) | $ | — | $ | — | $ | (15,465 | ) | $ | (2,461 | ) | ||||||||||||