EX-12 3 a15-9107_1ex12.htm EX-12

Exhibit 12

 

RATIO OF EARNINGS TO FIXED CHARGES

 

Years Ended March 31,

 

(numbers in thousands)

 

2015

 

2014

 

2013

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

 

 

EARNINGS (LOSS):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries; or income or loss from equity investees

 

(31,416

)

(16,036

)

(21,869

)

(18,578

)

(38,230

)

 

 

 

 

 

 

 

 

 

 

 

 

ADD:

 

 

 

 

 

 

 

 

 

 

 

fixed charges

 

1,344

 

1,465

 

1,429

 

1,562

 

1,658

 

amortization of capitalized interest

 

 

 

 

 

 

distributed income of equity investees

 

 

 

 

 

 

your share of pretax losses of equity investees for which charges arising from guarantees are included in fixed charges

 

 

 

 

 

 

Total additions to earnings (loss)

 

1,344

 

1,465

 

1,429

 

1,562

 

1,658

 

 

 

 

 

 

 

 

 

 

 

 

 

SUBTRACT:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest capitalized in the period

 

14

 

27

 

36

 

17

 

26

 

preference security dividend requirements of consolidated subsidiaries, and

 

 

 

 

 

 

the minority interest in pretax income of subisidaries that have not incurred fixed charges. Equity investees are investments that you account for using the equity method of accounting.

 

 

 

 

 

 

Total subtractions from earnings (loss)

 

14

 

27

 

36

 

17

 

26

 

 

 

 

 

 

 

 

 

 

 

 

 

EARNINGS (LOSS) AS ADJUSTED

 

(30,085

)

(14,599

)

(20,476

)

(17,033

)

(36,598

)

 

 

 

 

 

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

 

 

 

 

 

 

interest expensed and capitalized

 

551

 

712

 

717

 

857

 

873

 

amortized premiums, discounts and capitalized expenses related to indebtedness an estimate of the interest within rental expense

 

793

 

753

 

712

 

705

 

785

 

perference security dividend requirements of consolidated subsidaries

 

 

 

 

 

 

 

 

 

Total fixed charges

 

1,344

 

1,465

 

1,429

 

1,562

 

1,658

 

 

 

 

 

 

 

 

 

 

 

 

 

RATIO OF EARNING TO FIXED CHARGES

 

N/A

 

N/A

 

N/A

 

N/A

 

N/A

 

 

 

 

 

 

 

 

 

 

 

 

 

COVERAGE DEFICIENCY

 

(31,430

)

(16,063

)

(21,905

)

(18,595

)

(38,256

)