EX-12.1 6 omn-11302016xex121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratios)
 
 
 
Year Ended November 30,
 
 
2016
 
2015
 
2014
 
2013
 
2012
Pre-tax income (loss) from continuing operations
 
$
9.9

 
$
(21.1
)
 
$
11.7

 
$
26.5

 
$
36.9

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
 
$
9.9

 
$
(21.1
)
 
$
11.7

 
$
26.5

 
$
36.9

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
 
$
9.9

 
$
(21.1
)
 
$
11.7

 
$
26.5

 
$
36.9

Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
24.7

 
$
28.3

 
$
32.9

 
$
29.6

 
$
33.8

Interest capitalized during the period
 
—

 
—

 
1.0

 
—

 
—

Amortization of debt issuance costs
 
4.7

 
2.8

 
3.3

 
2.3

 
2.7

Imputed interest portion of rent expense
 
1.6

 
1.7

 
2.3

 
2.2

 
1.4

Total Fixed Charges
 
$
31.0

 
$
32.8

 
$
39.5

 
$
34.1

 
$
37.9

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
 
$
40.9

 
$
11.7

 
$
51.2

 
$
60.6

 
$
74.8

Ratio of Earnings to Fixed Charges
 
1.3

 
.4

 
1.3

 
1.8

 
2.0