EX-12 2 ex12-a.htm EXHIBIT 12.(A) ex12-a.htm

Exhibit 12(a)

Computation of Ratio Earnings to Fixed Charges

(dollars in thousands)

 

   

Fiscal Year Ended June 30,

 
   

2014

   

2013

   

2012

 
                         

Earnings:

                       

Income (loss) before income taxes

  $ 62,402     $ 50,174     $ 41,239  

Unconsolidated affiliates' interests, net

    -       -       -  

Amortization of capitalized interest

    10       10       10  

Interest expense and other related financing costs

    7,510       8,778       9,020  

Interest portion of rent expense (1)

    9,628       9,991       10,335  

Adjusted earnings

  $ 79,550     $ 68,953     $ 60,604  
                         

Fixed Charges:

                       

Interest expense and other related financing costs

  $ 7,510     $ 8,778     $ 9,020  

Interest portion of rent expense (1)

    9,628       9,991       10,335  

Total fixed charges

  $ 17,138     $ 18,769     $ 19,355  
                         

Ratio of earnings to fixed charges

    4.64       3.67       3.13  

 

 

(1) One-third of rent expense is considered representative of the interest factor within rent expense