CalAtlantic (CAA) S-4 Registration of securities issued in business combination transactions

Exhibit 12.1

Standard Pacific Corp.

Ratio of Earnings to Fixed Charges—Continuing Operations

(Dollars in thousands)

	Year Ended December 31,
	2010			2009			2008			2007			2006
Earnings:
Net income (loss) from continuing operations	$	(11,724	)	$	(13,217	)	$	(1,231,329	)	$	(695,290	)	$	146,093
Add:
Cash distributions of income from unconsolidated joint ventures		—			3,465			1,975			16,717			75,416
Provision (benefit) for income taxes		(557	)		(96,265	)		(5,495	)		(149,003	)		82,930
Homebuilding interest amortized to cost of sales and interest expense		100,739			134,188			93,551			120,596			86,698
Interest portion of rent expense		500			500			500			500			500
Less:
Income (loss) from unconsolidated joint ventures		1,166			(4,598	)		(150,875	)		(188,975	)		(1,959	)
Earnings:	$	87,792		$	33,269		$	(989,923	)	$	(517,505	)	$	393,596
Fixed charges:
Homebuilding interest incurred	$	110,358		$	107,976		$	137,398		$	138,595		$	148,355
Interest portion of rent expense		500			500			500			500			500
Fixed Charges	$	110,858		$	108,476		$	137,898		$	139,095		$	148,855
Ratio of Earnings to Fixed Charges		0.8			0.3			(7.2	)		(3.7	)		2.6