Exhibit 12.1
Beazer Homes USA, Inc.
Calculation of Ratio of Earnings to Total Fixed Charges
| Six Months Ended March 31, | ||||||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2013 | 2014 | ||||||||||||||||||||||
| ($ in thousands) | unaudited | |||||||||||||||||||||||||||
Earnings | ||||||||||||||||||||||||||||
Loss before income taxes from continuing operations | (181,781 | ) | (147,925 | ) | (196,818 | ) | (175,970 | ) | (35,653 | ) | (38,646 | ) | (12,186 | ) | ||||||||||||||
Plus: Fixed charges | 137,533 | 130,760 | 134,490 | 126,892 | 116,720 | 58,323 | 65,762 | |||||||||||||||||||||
Less: Capitalized interest | (50,451 | ) | (53,102 | ) | (57,378 | ) | (53,444 | ) | (55,618 | ) | (25,138 | ) | (34,208 | ) | ||||||||||||||
Add: Interest amortized to COS | 54,714 | 52,243 | 46,382 | 60,952 | 41,246 | 17,827 | 14,514 | |||||||||||||||||||||
Add: Interest impaired to COS | 3,376 | 2,313 | 1,907 | 275 | — | — | — | |||||||||||||||||||||
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Earnings available for fixed charges | (36,609 | ) | (15,711 | ) | (71,417 | ) | (41,295 | ) | 66,695 | 12,366 | 33,882 | |||||||||||||||||
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Fixed Charges | 137,533 | 130,760 | 134,490 | 126,892 | 116,720 | 58,323 | 65,762 | |||||||||||||||||||||
Ratio of Earnings to Fixed Charges(b) | (a | ) | (a | ) | (a | ) | (a | ) | 0.6x | 0.2x | 0.5x | |||||||||||||||||
| (a) | Earnings for the fiscal years ended September 30, 2009, 2010, 2011 and 2012 were insufficient to cover fixed charges by $37 million, $16 million, $71 million, and $41 million, respectively. |
| (b) | The ratio of earnings to combined fixed charges and preferred dividends is the same as the ratio of earnings to fixed charges for the periods presented because no shares of preferred stock were outstanding during these periods. |
