Exhhibt 12.1
| Three Months Ended December 31 | ||||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | 2016 | 2015 | 2016 | ||||||||||||||||||||||
Earnings | ||||||||||||||||||||||||||||
Earnings (loss) before income taxes from continuing operations | (175,970 | ) | (35,653 | ) | (6,874 | ) | 22,030 | 21,703 | 1,815 | (3,899 | ) | |||||||||||||||||
Plus: Fixed charges | 126,892 | 116,720 | 128,703 | 123,482 | 120,930 | 30,496 | 27,486 | |||||||||||||||||||||
Less: Capitalized interest | (53,444 | ) | (55,618 | ) | (76,122 | ) | (92,002 | ) | (93,972 | ) | (22,656 | ) | (21,835 | ) | ||||||||||||||
Add: Interest amortized to COS | 60,952 | 41,246 | 40,820 | 56,164 | 78,611 | 13,651 | 15,644 | |||||||||||||||||||||
Add: Interest impaired to COS | 275 | — | 245 | — | 710 | — | — | |||||||||||||||||||||
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Earnings available for fixed charges | (41,295 | ) | 66,695 | 86,772 | 109,674 | 127,982 | 23,306 | 17,396 | ||||||||||||||||||||
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Fixed Charges | 126,892 | 116,720 | 128,703 | 123,482 | 120,930 | 30,496 | 27,486 | |||||||||||||||||||||
Ratio of Earnings to Fixed Charges | (a) | 0.6 | x | 0.7 | x | 0.9 | x | 1.1 | x | 0.8 | x | 0.6 | x | |||||||||||||||