Exhibit 12.1
Beazer Homes USA, Inc.
Calculation of Ratio of Earnings to Total Fixed Charges
| 2009 | 2010 | 2011 | 2012 | 2013 | ||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||
Earnings | ||||||||||||||||||||
Loss before income taxes from continuing operations | (181,781 | ) | (147,925 | ) | (196,818 | ) | (175,970 | ) | (35,653 | ) | ||||||||||
Plus: Fixed charges | 137,533 | 130,760 | 134,490 | 126,892 | 116,720 | |||||||||||||||
Less: Capitalized interest | (50,451 | ) | (53,102 | ) | (57,378 | ) | (53,444 | ) | (55,618 | ) | ||||||||||
Add: Interest amortized to COS | 54,714 | 52,243 | 46,382 | 60,952 | 41,246 | |||||||||||||||
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 | |||||||||||
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Fixed Charges | 137,533 | 130,760 | 134,490 | 126,892 | 116,720 | |||||||||||||||
Ratio of Earnings to Fixed Charges | (a) | (a) | (a) | (a) | 0.6x | |||||||||||||||
| (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. Earnings for the fiscal year ended September 30, 2013 were sufficient to cover fixed charges by $67 million, resulting in a ratio of earnings to fixed charges of 0.6x. |