EX-12 7 pch10k2013ex12-fixedcharges.htm EXHIBIT 12 PCH.10K.2013.EX.12 - Fixed Charges


Exhibit (12)

POTLATCH CORPORATION

Computation of Ratio of Earnings to Fixed Charges
(In thousands)
 
2013
2012
2011
2010
2009
Income from continuing operations before income taxes
$
84,466

$
59,403

$
44,411

$
44,871

$
64,783

Add:
 
 
 
 
 
    Interest expense
21,885

23,727

25,216

26,070

20,778

    Interest portion of rental expense
1,191

1,024

822

651

631

    Discount and debt expense amortization
1,498

1,974

2,817

1,836

1,214

Earnings available for fixed charges
109,040

86,128

73,266

73,428

87,406

Fixed charges:
 
 
 
 
 
    Interest expense
21,885

23,727

25,216

26,070

20,778

    Capitalized interest
—

—

—

—

—

    Interest portion of rental expense
1,191

1,024

822

651

631

    Discount and debt expense amortization
1,498

1,974

2,817

1,836

1,214

Total fixed charges
24,574

26,725

28,855

28,557

22,623

Ratio of earnings to fixed charges
4.4

3.2

2.5

2.6

3.9