Exhibit 12(a)
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Computation of Ratio Earnings to Fixed Charges |
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(dollars in thousands) |
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Fiscal Year Ended June 30, |
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2013 |
2012 |
2011 |
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Earnings: |
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Income (loss) before income taxes |
$ | 50,174 | $ | 41,239 | $ | 26,371 | ||||||
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Unconsolidated affiliates' interests, net |
- | - | - | |||||||||
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Amortization of capitalized interest |
10 | 10 | 10 | |||||||||
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Interest expense and other related financing costs |
8,778 | 9,020 | 11,126 | |||||||||
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Interest portion of rent expense (1) |
9,991 | 10,335 | 10,323 | |||||||||
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Adjusted earnings |
$ | 68,953 | $ | 60,604 | $ | 47,830 | ||||||
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Fixed Charges: |
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Interest expense and other related financing costs |
$ | 8,778 | $ | 9,020 | $ | 11,126 | ||||||
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Interest portion of rent expense (1) |
9,991 | 10,335 | 10,323 | |||||||||
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Total fixed charges |
$ | 18,769 | $ | 19,355 | $ | 21,449 | ||||||
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Ratio of earnings to fixed charges |
3.67 | 3.13 | 2.23 | |||||||||
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(1) One-third of rent expense is considered representative of the interest factor within rent expense |
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