Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except ratios)
Fiscal Year Ended August 31, | |||||||||||||||
2000 | 2001 | 2002 | 2003 | 2004 | |||||||||||
FIXED CHARGES | |||||||||||||||
Interest expensed and capitalized | $ | 22,962 | $ | 21,051 | $ | 20,064 | $ | 21,376 | $ | 21,445 | |||||
Amortized premiums related to indebtedness | 683 | 923 | 818 | 928 | 902 | ||||||||||
Estimate of interest within rental expense | 349 | 338 | 3,252 | 4,422 | 4,333 | ||||||||||
TOTAL FIXED CHARGES | $ | 23,994 | $ | 22,312 | $ | 24,134 | $ | 26,726 | $ | 26,680 | |||||
EARNINGS | |||||||||||||||
ADD | |||||||||||||||
Pretax income (loss) from continuing operations before minority interests in consolidated subsidiaries or income (loss) from equity investees | $ | 13,513 | $ | 29,300 | $ | (40,537) | $ | (8,641) | $ | 18,795 | |||||
Fixed charges | 23,994 | 22,312 | 24,134 | 26,726 | 26,680 | ||||||||||
TOTAL ADJUSTED EARNINGS | $ | 37,507 | $ | 51,612 | $ | (16,403) | $ | 18,085 | $ | 45,475 | |||||
RATIO OF ADJUSTED EARNINGS TO FIXED CHARGES | 1.56x | 2.31x | — | — | 1.70x | ||||||||||
DEFICIENCY OF EARNINGS TO FIXED CHARGES | — | — | $ | (40,537) | $ | (8,641) | — |