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Filing tables
Filing exhibits
- 10-K Annual report
- 10.14 Description of Registrant's Executive Cash Bonus Plan
- 10.14.1 Cash Bonus Compensation Paid to Named Executive Officers
- 12.1 Computation of Ratio of Earnings to Fixed Charges
- 21.1 Subsidiaries
- 23.1 Consent of Pricewaterhousecoopers LLP
- 31.1 Section 302 CEO Certification
- 31.2 Section 302 CFO Certification
- 32.1 Section 906 CEO Certification
- 32.2 Section 906 CFO Certification
Related press release
SWS similar filings
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Exhibit 12.1
SWS Group, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratio)
Fiscal Years Ended Restated (see Note 1(t)) | ||||||||||||||||
June 24, 2005 | June 25, 2004 | June 27, 2003 | June 28, 2002 | June 29, 2001 | ||||||||||||
Income (loss) before income taxes and minority interest in consolidated subsidiaries | $ | 48,909 | $ | 9,499 | $ | 5,962 | $ | (5,903 | ) | $ | 36,673 | |||||
Add fixed charges: | ||||||||||||||||
Interest expense | 78,955 | 33,324 | 39,885 | 65,807 | 171,578 | |||||||||||
Interest factor in rents(1) | 3,092 | 3,595 | 5,759 | 7,798 | 6,608 | |||||||||||
Total fixed charges | 82,047 | 36,919 | 45,644 | 73,605 | 178,186 | |||||||||||
Earnings before fixed charges and income taxes | $ | 130,956 | $ | 46,418 | $ | 51,606 | $ | 67,702 | $ | 214,859 | ||||||
Ratio of earnings to fixed charges | 1.6 | 1.3 | 1.1 | — | 1.2 | |||||||||||
Deficiency of earnings available to cover fixed charges | — | — | — | $ | (5,903 | ) | — | |||||||||
(1) | SWS estimates that one-third of rental expense is representative of the interest factor. |