Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
($ in 000's)
| Fiscal Years Ended July 31, | ||||||||||||||||||||||||
| 2011 | 2012 | 2013 | 2014 | 2015 | Q1 2016 | |||||||||||||||||||
| Fixed Charges: | ||||||||||||||||||||||||
| Interest expense, including amortization of debt issuance costs | $ | 8,415 | 8,832 | 8,163 | 6,304 | 479 | 75 | |||||||||||||||||
| Portion of rental expense deemed to represent interest | 274 | 281 | 238 | 206 | 213 | 53 | ||||||||||||||||||
| Total fixed charges | $ | 8,689 | 9,113 | 8,401 | 6,510 | 692 | 128 | |||||||||||||||||
| Earnings: | ||||||||||||||||||||||||
| Income before provision for income taxes | $ | 101,804 | 44,040 | 27,493 | 38,507 | 34,003 | 2,205 | |||||||||||||||||
| Fixed charges | 8,689 | 9,113 | 8,401 | 6,510 | 692 | 128 | ||||||||||||||||||
| Total earnings for computation of ratio | $ | 110,493 | 53,153 | 35,894 | 45,017 | 34,695 | 2,333 | |||||||||||||||||
| Ratio of earnings to fixed charges | 12.7 | 5.8 | 4.3 | 6.9 | 50.1 | 18.2 | ||||||||||||||||||
