EX-12.1 7 omn-11302014xex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES OMN-11.30.2014-Ex 12.1


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

 
$
26.5

 
$
36.9

 
$
30.1

 
$
33.3

Adjustment for (income) loss from equity investees
 
—

 
—

 
—

 
—

 
—

Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees
 
$
12.1

 
$
26.5

 
$
36.9

 
$
30.1

 
$
33.3

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
 
$
12.1

 
$
26.5

 
$
36.9

 
$
30.1

 
$
33.3

Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
30.6

 
$
29.6

 
$
33.8

 
$
35.3

 
$
8.0

Interest capitalized during the period
 
1.0

 
—

 
—

 
—

 
—

Amortization of debt issuance costs
 
2.3

 
2.3

 
2.7

 
2.7

 
.7

Imputed interest portion of rent expense
 
2.3

 
2.2

 
1.4

 
1.4

 
1.3

Total Fixed Charges
 
$
36.2

 
$
34.1

 
$
37.9

 
$
39.4

 
$
10.0

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
 
$
48.3

 
$
60.6

 
$
74.8

 
$
69.5

 
$
43.3

Ratio of Earnings to Fixed Charges
 
1.3

 
1.8

 
2.0

 
1.8

 
4.3