EXHIBIT 12
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
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FISCAL YEARS ENDED JUNE 30,
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1993 1994 1995 1996 1997
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HISTORICAL
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Registrant's pretax income $20,055 $22,105 $26,220 $30,226 $26,940
from continuing operations
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Interest 2,473 2,455 2,522 2,608 8,704
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Amortization of debt 9 9 9 9 394
expense and discount on
premium
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Total fixed charges 2,482 2,464 2,531 2,617 9,098
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Total earnings and fixed $22,537 $24,569 $28,751 $32,843 $36,038
charges
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Preferred stock dividends 1,080
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Total fixed charges and $ 2,482 $ 2,464 $ 2,531 $ 2,617 $10,178
preferred stock dividends
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Ratio 9.1x 10.0x 11.4x 12.5x 3.5x
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PRO FORMA
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Pretax income from $11,106
continuing operations
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Interest 25,015
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Total earnings and fixed 36,121
charges
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Preferred stock dividends 228
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Total fixed charges 25,243
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Pro forma ratio 1.4x
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