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Exhibit 12.1
BEAZER HOMES USA, INC.
STATEMENT REGARDING COMPUTATIONS OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratios)
| | Fiscal Year Ended September 30, | 9 months ended | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 2001 | 2002 | 2003 | 2004 | 2005 | 6/30/2005 | 6/30/2006 | ||||||||||
| Earnings: | |||||||||||||||||
| Income before income taxes | 122,748 | 202,059 | 285,529 | 386,575 | 499,334 | 239,538 | 468,323 | ||||||||||
| Less: equity in (income) loss of unconsolidated joint ventures | 63 | (2,338 | ) | (1,597 | ) | (1,561 | ) | (5,021 | ) | (3,150 | ) | (809 | ) | ||||
| Fixed charges from below | 38,348 | 54,389 | 69,149 | 80,740 | 95,363 | 68,414 | 91,435 | ||||||||||
| Distributed income of unconsolidated joint ventures | — | 2,353 | 1,137 | 1,761 | 5,844 | 3,361 | — | ||||||||||
| Less: interest capitalized | (35,825 | ) | (51,171 | ) | (65,295 | ) | (76,035 | ) | (89,678 | ) | (64,269 | ) | (85,195 | ) | |||
| Interest amortized to cost of sales | 33,235 | 43,001 | 55,451 | 66,199 | 82,388 | 54,880 | 60,788 | ||||||||||
| Earnings available for fixed charges | 158,569 | 248,293 | 344,374 | 457,679 | 588,230 | 298,774 | 534,542 | ||||||||||
| Fixed Charges: | |||||||||||||||||
| Interest expense, including capitalized amounts and amortization of debt costs | 35,825 | 51,171 | 65,295 | 76,035 | 89,678 | 64,269 | 85,195 | ||||||||||
| Estimated interest component of rent expense | 2,523 | 3,218 | 3,854 | 4,705 | 5,685 | 4,145 | 6,240 | ||||||||||
| Total fixed charges | 38,348 | 54,389 | 69,149 | 80,740 | 95,363 | 68,414 | 91,435 | ||||||||||
| Ratio of earnings to fixed charges | 4.14 | 4.57 | 4.98 | 5.67 | 6.17 | 4.37 | 5.85 | ||||||||||
STATEMENT REGARDING COMPUTATIONS OF RATIO OF EARNINGS TO FIXED CHARGES