EX-12.1 4 a2016103110kex121.htm EXHIBIT 12.1 Exhibit


EXHIBIT 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
 
 
 
 
 
 
 
 
 
 
Year Ended October 31,
 
 
 
2016
 
2015
 
2014
 
Pre-tax earnings (loss) from continuing operations
$
86,718

 
$
23,764

 
$
(26,673
)
 
Fixed charges:
 
 
 
 
 
 
 
Interest expense
56,656

 
51,179

 
47,115

 
 
Portion of rental expense representative of interest factor
8,788

 
8,491

 
7,550

 
 
Total fixed charges
65,444

 
59,670

 
54,665

 
Pre-tax earnings (loss) from continuing operations plus fixed charges
$
152,162

 
$
83,434

 
$
27,992

 
 
 
 
 
 
 
 
 Ratio of earnings (losses) to fixed charges
$
2.33

 
$
1.40

 
$
—

 
 
 
 
 
 
 
(1)
 

(1) Earnings for the year ended October 31, 2014 were inadequate to cover fixed charges by $26.7 million.