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- S-4 Registration of securities issued in business combination transactions
- 3.1 EX-3.1
- 3.2 EX-3.2
- 3.3 EX-3.3
- 3.4 EX-3.4
- 3.5 EX-3.5
- 3.6 EX-3.6
- 3.7 EX-3.7
- 3.8 EX-3.8
- 3.9 EX-3.9
- 3.10 EX-3.10
- 3.11 EX-3.11
- 3.12 EX-3.12
- 3.13 EX-3.13
- 3.14 EX-3.14
- 3.15 EX-3.15
- 3.16 EX-3.16
- 4.1 EX-4.1
- 4.2 EX-4.2
- 4.3 EX-4.3
- 4.4 EX-4.4
- 4.6 EX-4.6
- 5.1 EX-5.1
- 10.1 EX-10.1
- 10.2 EX-10.2
- 10.3 EX-10.3
- 10.4 EX-10.4
- 10.5 EX-10.5
- 10.6 EX-10.6
- 10.7 EX-10.7
- 10.8 EX-10.8
- 10.9 EX-10.9
- 10.10 EX-10.10
- 10.11 EX-10.11
- 10.12 EX-10.12
- 10.13 EX-10.13
- 10.14 EX-10.14
- 10.15 EX-10.15
- 10.16 EX-10.16
- 10.17 EX-10.17
- 10.18 EX-10.18
- 10.19 EX-10.19
- 10.20 EX-10.20
- 10.21 EX-10.21
- 10.22 EX-10.22
- 10.23 EX-10.23
- 10.24 EX-10.24
- 10.25 EX-10.25
- 10.26 EX-10.26
- 10.27 EX-10.27
- 10.28 EX-10.28
- 10.29 EX-10.29
- 10.30 EX-10.30
- 10.31 EX-10.31
- 10.32 EX-10.32
- 10.33 EX-10.33
- 10.34 EX-10.34
- 10.35 EX-10.35
- 12.1 EX-12.1
- 21.1 EX-21.1
- 23.1 EX-23.1
- 25.1 EX-25.1
- 99.1 EX-99.1
- 99.2 EX-99.2
- 99.3 EX-99.3
- 99.4 EX-99.4
- 29 Jul 13 Registration of securities issued in business combination transactions (amended)
- 13 Jun 13 Registration of securities issued in business combination transactions
- 12 Sep 11 Registration of securities issued in business combination transactions (amended)
- 29 Aug 11 Registration of securities issued in business combination transactions
Exhibit 12.1
STATEMENTS RE: COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS)
|
| Years Ended |
| Three Months Ended |
| |||||||||||||||||
|
| February 28, |
| February 29, |
| February 28, |
| February 28, |
| February 28, |
| May 31, 2010 |
| May 31, 2011 |
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Income (loss) before income taxes |
| $ | 32,838 |
| $ | 5,786 |
| $ | (29,158 | )(1) | $ | 9,352 |
| $ | (10,251 | ) | $ | (7,610 | ) | $ | (12,797 | ) |
Capitalized interest |
| $ | (404 | ) | $ | (872 | ) | $ | (399 | ) | $ | (165 | ) | $ | (137 | ) | $ | (41 | ) | $ | (34 | ) |
Depreciation of capitalized interest |
| $ | 88 |
| $ | 169 |
| $ | 343 |
| $ | 424 |
| $ | 343 |
| $ | 97 |
| $ | 97 |
|
Adjusted income (loss) before income taxes |
| $ | 32,522 |
| $ | 5,083 |
| $ | (29,214 | ) | $ | 9,611 |
| $ | (10,045 | ) | $ | (7,554 | ) | $ | (12,734 | ) |
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Interest expense(2) |
| $ | 15,203 |
| $ | 18,060 |
| $ | 40,185 |
| $ | 29,536 |
| $ | 41,586 |
| $ | 7,003 |
| $ | 11,600 |
|
Capitalized interest |
| 404 |
| 872 |
| 399 |
| 165 |
| 137 |
| 41 |
| 34 |
| |||||||
Rental expense representative of an interest factor |
| 4,692 |
| 3,807 |
| 2,700 |
| 3,300 |
| 3,100 |
| 824 |
| 613 |
| |||||||
Total fixed charges |
| $ | 20,299 |
| $ | 22,739 |
| $ | 43,824 |
| $ | 33,001 |
| $ | 44,823 |
| $ | 7,868 |
| $ | 12,247 |
|
Adjusted income (loss) before income taxes plus fixed charges |
| 52,821 |
| 27,822 |
| 14,070 |
| 42,612 |
| 34,778 |
| 314 |
| (487 | ) | |||||||
Ratio of earnings to fixed charges |
| 2.6 |
| 1.2 |
| — |
| 1.3 |
| — |
| — |
| — |
| |||||||
Deficiency of earnings to cover fixed charges |
| — |
| — |
| $ | 29,214 |
| — |
| $ | 10,045 |
| $ | 7,554 |
| $ | 12,734 |
|
(1) | Includes pretax charges of $44.9 million related to the impairment of goodwill and trademarks associated with the Company’s purchase of Stabler. |
(2) | The Company records interest expense on unrecognized tax benefits in the provision for income taxes. This interest is not included in the computation of fixed charges. |