Exhibit 12.1
Beazer Homes USA, Inc.
Calculation of Ratio of Earnings to Total Fixed Charges
| Six Months Ended March 31, | ||||||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2013 | 2014 | ||||||||||||||||||||||
| ($ in thousands) | unaudited | |||||||||||||||||||||||||||
Earnings | ||||||||||||||||||||||||||||
Loss before income taxes from continuing operations | (181,781 | ) | (147,925 | ) | (196,818 | ) | (175,970 | ) | (35,653 | ) | (38,646 | ) | (12,186 | ) | ||||||||||||||
Plus: Fixed charges | 137,533 | 130,760 | 134,490 | 126,892 | 116,720 | 58,323 | 65,762 | |||||||||||||||||||||
Less: Capitalized interest | (50,451 | ) | (53,102 | ) | (57,378 | ) | (53,444 | ) | (55,618 | ) | (25,138 | ) | (34,208 | ) | ||||||||||||||
Add: Interest amortized to COS | 54,714 | 52,243 | 46,382 | 60,952 | 41,246 | 17,827 | 14,514 | |||||||||||||||||||||
Add: Interest impaired to COS | 3,376 | 2,313 | 1,907 | 275 | — | — | — | |||||||||||||||||||||
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Earnings available for fixed charges | (36,609 | ) | (15,711 | ) | (71,417 | ) | (41,295 | ) | 66,695 | 12,366 | 33,882 | |||||||||||||||||
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Fixed Charges | 137,533 | 130,760 | 134,490 | 126,892 | 116,720 | 58,323 | 65,762 | |||||||||||||||||||||
Ratio of Earnings to Fixed Charges | (a | ) | (a | ) | (a | ) | (a | ) | 0.6x | 0.2x | 0.5x | |||||||||||||||||
| (a) | Earnings for the fiscal years ended September 30, 2009, 2010, 2011 and 2012 were insufficient to cover fixed charges by $37 million, $16 million, $71 million, and $41 million, respectively. |