Exhibit 12.1
The following table sets forth our ratio of earnings to fixed charges for the periods indicated on a consolidated historical basis.
| Six Months Ended December 31, | Year Ended June 30, | |||||||||||||||
| 2013 | 2013 | 2012 | 2011 | |||||||||||||
| (Unaudited) | ||||||||||||||||
| Ratio of Earnings (Loss) to Fixed Charges | 2.58x | 3.46 | x | 4.55 | x | 1.80 | x | |||||||||
For purposes of computing the ratio of earnings (loss) to fixed charges, earnings (loss) is defined as pre-tax income (loss) plus fixed charges. Fixed charges consist of interest expense and amortization of deferred financing fees
.
| Six Months Ended December 31, | Year Ended June 30, | |||||||||||||||
| 2013 | 2013 | 2012 | 2011 | |||||||||||||
| (Dollars in Thousands) (Unaudited) | ||||||||||||||||
| Earnings (Loss): | ||||||||||||||||
| Pre-Tax Income (Loss) | $ | 103,096 | $ | 266,807 | $ | 386,156 | $ | 85,020 | ||||||||
| Fixed Charges | 65,441 | 108,360 | 108,731 | 105,673 | ||||||||||||
| Total Earnings (Loss) | 168,537 | 375,167 | 494,887 | 190,693 | ||||||||||||
| Fixed Charges: | ||||||||||||||||
| Interest Expense | 62,222 | 101,462 | 101,256 | 95,602 | ||||||||||||
| Deferred Financing Fees | 3,219 | 6,898 | 7,475 | 10,071 | ||||||||||||
| Total Fixed Charges | 65,441 | 108,360 | 108,731 | 105,673 | ||||||||||||
| Ratio of Earnings (Loss) to Fixed Charges | 2.58x | 3.46 | x | 4.55 | x | 1.80 | x | |||||||||