Exhibit 12.1
($ in thousands)
For the Six Months Ended March 31, | ||||||||||||||||||||||
For the Years Ended September 30, | ||||||||||||||||||||||
2000 | 2001 | 2002 | 2003 | 2004 | 2004 | 2005 | ||||||||||||||||
Income from continuing operations before income taxes, net income (loss) of unconsolidated affiliates and minority interests | $ | (872,832 | ) | $ | 154,400 | $ | 69,371 | $ | 43,587 | $ | 52,178 | $ | 21,389 | $ | 36,969 | |||||||
Fixed Charges: | ||||||||||||||||||||||
Interest expense | 214,040 | 102,298 | 16,526 | 17,014 | 26,985 | 13,349 | 12,893 | |||||||||||||||
Interest portion of rent expense (1) | 10,274 | 9,141 | 8,748 | 9,307 | 9,479 | 4,706 | 4,527 | |||||||||||||||
Amortized finance fees | 6,000 | 2,000 | 2,000 | 2,000 | 1,394 | 791 | 702 | |||||||||||||||
Fixed charges | 230,314 | 113,439 | 27,274 | 28,321 | 37,858 | 18,846 | 18,122 | |||||||||||||||
Earnings: | ||||||||||||||||||||||
Income from continuing operations before income taxes, net income (loss) of unconsolidated affiliates and minority interests plus fixed charges | $ | (646,518 | ) | $ | 267,839 | $ | 96,645 | $ | 71,908 | $ | 90,036 | $ | 40,235 | $ | 55,091 | |||||||
Ratio of earnings to fixed charges (2) | NM | 2.36 | x | 3.54 | x | 2.54 | x | 2.38 | x | 2.13 | x | 3.04 | x |
(1) | The interest component of rent expense is estimated as one-third of our reported lease expense. |
(2) | The ratio of earnings to fixed charges is computed by dividing fixed charges into income from continuing operations before income taxes, net income (loss) of unconsolidated affiliates and minority interests plus fixed charges. Fixed charges include interest (expensed or capitalized), amortization of debt issuance costs and the estimated interest component of rent expense. For the fiscal year ended September 30, 2000, our earnings were insufficient to cover fixed charges by $872.8 million. |