EX-12.1 2 omn-05312014xex121.htm EXHIBIT 12.1 OMN-05.31.2014 -Ex 12.1


Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratios)
 
 
 
Six Months Ended May 31,
 
Year Ended November 30,
 
 
2014
 
2013
2012
 
2011
 
2010
 
2009
Pre-tax income from continuing operations
 
$
7.7

 
$
26.5

$
36.9

 
$
30.1

 
$
33.3

 
$
28.4

Adjustment for (income) loss from equity investees
 
—

 
—

—

 
—

 
—

 
—

Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees
 
$
7.7

 
$
26.5

$
36.9

 
$
30.1

 
$
33.3

 
$
28.4

Distributed income equity investees
 
—

 
 
—

 
—

 
—

 
—

Less: Capitalized interest
 
—

 
 
—

 
—

 
—

 
—

Amortization of interest previously capitalized
 
—

 
 
—

 
—

 
—

 
—

Adjusted pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees
 
$
7.7

 
$
26.5

$
36.9

 
$
30.1

 
$
33.3

 
$
28.4

Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
14.2

 
$
29.6

$
33.8

 
$
35.3

 
$
8.0

 
$
7.5

Interest capitalized during the period
 
—

 
—

—

 
—

 
—

 
—

Amortization of debt issuance costs
 
1.2

 
2.3

2.7

 
2.7

 
.7

 
.6

Imputed interest portion of rent expense
 
.9

 
2.2

1.4

 
1.4

 
1.3

 
1.3

Total Fixed Charges
 
$
16.3

 
$
34.1

$
37.9

 
$
39.4

 
$
10.0

 
$
9.4

Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees plus fixed charges
 
$
24.0

 
$
60.6

$
74.8

 
$
69.5

 
$
43.3

 
$
37.8

Ratio of Earnings to Fixed Charges
 
1.5


1.8

2.0

 
1.8

 
4.3

 
4.0