Exhibit 12.1
Beazer Homes USA, Inc.
Calculation of Ratio of Earnings to Total Fixed Charges
| Three Months Ended December 31, | ||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2011 | 2012 | ||||||||||||||||||||||
| ($ in thousands) | unaudited | |||||||||||||||||||||||||||
Earnings | ||||||||||||||||||||||||||||
Earnings (loss) before income taxes from continuing operations | (710,188 | ) | (181,781 | ) | (147,925 | ) | (196,818 | ) | (175,970 | ) | (35,049 | ) | (19,192 | ) | ||||||||||||||
Plus: Fixed charges | 145,345 | 137,533 | 130,760 | 134,490 | 126,892 | 33,037 | 28,871 | |||||||||||||||||||||
Less: Capitalized interest | (84,474 | ) | (50,451 | ) | (53,102 | ) | (57,378 | ) | (53,444 | ) | (13,408 | ) | (12,207 | ) | ||||||||||||||
Add: Interest amortized to COS | 112,262 | 54,714 | 52,243 | 46,382 | 60,952 | 12,843 | 8,475 | |||||||||||||||||||||
Add: Interest impaired to COS | 13,795 | 3,376 | 2,313 | 1,907 | 275 | 28 | — | |||||||||||||||||||||
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Earnings available for fixed charges | (523,260 | ) | (36,609 | ) | (15,711 | ) | (71,417 | ) | (41,295 | ) | (2,549 | ) | 5,947 | |||||||||||||||
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Fixed Charges | 145,345 | 137,533 | 130,760 | 134,490 | 126,892 | 33,037 | 28,871 | |||||||||||||||||||||
Ratio of Earnings to Fixed Charges | (a) | (a) | (a) | (a) | (a) | (a) | 0.2x | |||||||||||||||||||||
| (a) | Earnings for the fiscal years ended September 30, 2008, 2009, 2010, 2011 and 2012 and the three months ended December 31, 2011 were insufficient to cover fixed charges by $523 million, $37 million, $16 million, $71 million, $41 million and $3 million, respectively. Earnings for the three months ended December 31, 2012 were sufficient to cover fixed charges by $6 million, resulting in a ratio of earnings to fixed charges of 0.2x. |