Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
Six Months Ended September 30, 2013 | Fiscal Year Ended March 31, | |||||||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||
(dollars in thousands) | ||||||||||||||||||||||||
Pretax income (loss) from continuing operations | $ | (71,980 | ) | $ | 51,067 | $ | 54,158 | $ | 32,849 | $ | 74,192 | $ | 109,332 | |||||||||||
Distributed income of equity investees | 843 | 998 | 1,480 | — | 430 | — | ||||||||||||||||||
Fixed charges | 64,409 | 121,770 | 113,852 | 107,975 | 118,602 | 102,545 | ||||||||||||||||||
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Earnings | $ | (6,728 | ) | $ | 173,835 | $ | 169,490 | $ | 140,824 | $ | 193,224 | $ | 211,877 | |||||||||||
Interest | 59,208 | 111,064 | 103,500 | 98,561 | 109,410 | 97,854 | ||||||||||||||||||
Amortization of charges and other | 5,201 | 10,706 | 10,352 | 9,414 | 9,193 | 4,691 | ||||||||||||||||||
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Fixed Charges | $ | 64,409 | $ | 121,770 | $ | 113,852 | $ | 107,975 | $ | 118,603 | $ | 102,545 | ||||||||||||
Ratio of Earnings to Fixed Charges | N/A | 1.43x | 1.49x | 1.30x | 1.63x | 2.07x | ||||||||||||||||||
Coverage Deficiency | $ | 71,137 | N/A | N/A | N/A | N/A | N/A |