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Filing tables
Filing exhibits
- S-4 Registration of securities issued in business combination transactions
- 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
- 3.17 EX-3.17
- 3.18 EX-3.18
- 3.19 EX-3.19
- 3.20 EX-3.20
- 3.21 EX-3.21
- 3.22 EX-3.22
- 3.23 EX-3.23
- 3.24 EX-3.24
- 3.25 EX-3.25
- 3.26 EX-3.26
- 3.27 EX-3.27
- 3.28 EX-3.28
- 3.29 EX-3.29
- 3.30 EX-3.30
- 3.31 EX-3.31
- 3.32 EX-3.32
- 3.33 EX-3.33
- 3.34 EX-3.34
- 3.35 EX-3.35
- 3.36 EX-3.36
- 3.37 EX-3.37
- 3.38 EX-3.38
- 3.39 EX-3.39
- 3.40 EX-3.40
- 5.1 EX-5.1
- 5.2 EX-5.2
- 5.3 EX-5.3
- 12.1 EX-12.1
- 23.1 EX-23.1
- 24.1 EX-24.1
- 25.1 EX-25.1
- 99.1 EX-99.1
- CORRESP Corresp
Bayshore Industrial, L.L.C. similar filings
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Exhibit 12.1
A. SCHULMAN, INC.
Calculation of Ratio of Earnings to Fixed Charges
(Amounts in Thousands, Except Ratios)
Twelve months ended August 31, | ||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
Pretax income from continuing operations before adjustment for income or loss from equity investees | $ | (365,945 | ) | $ | 28,446 | $ | 72,422 | $ | 53,732 | $ | 66,827 | |||||||||
Fixed charges (from below) | 62,015 | 47,396 | 14,036 | 11,890 | 11,818 | |||||||||||||||
Undistributed income (loss) from equity investees | (560 | ) | (16 | ) | (90 | ) | — | — | ||||||||||||
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Earnings (loss) | $ | (304,490 | ) | $ | 75,826 | $ | 86,368 | $ | 65,622 | $ | 78,645 | |||||||||
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Interest expense (a) | 54,548 | 41,363 | 8,503 | 7,657 | 8,351 | |||||||||||||||
Interest portion of rental expense (b) | 7,467 | 6,033 | 5,533 | 4,233 | 3,467 | |||||||||||||||
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Total fixed charges | $ | 62,015 | $ | 47,396 | $ | 14,036 | $ | 11,890 | $ | 11,818 | ||||||||||
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Ratio of earnings to fixed charges | (c | ) | 1.60 | 6.15 | 5.52 | 6.65 | ||||||||||||||
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(a) | Includes amortization of deferred financing costs in all periods and bridge financing fees in 2015. The Company’s policy is to classify interest expense recognized on uncertain tax positions as income tax expense. The Company has excluded interest expense recognized on uncertain tax positions from the Ratio of Earnings to Fixed Charges. Capitalized interest is not considered material. |
(b) | Interest portion of rental expense is estimated to equal 1/3 of such expense, which is considered a reasonable approximation of the interest factor. |
(c) | Earnings were not sufficient to cover fixed charges for the period, which included goodwill and long-lived asset impairment charges of $401,667. The earnings shortfall was $366,505. |