EX-12 5 ex12k093004.txt COMPUTATION OF RATIOS TO FIXED CHARGES Exhibit 12 Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(thousands of dollars) Year Ended September 30, --------------------------------------------------------------- 2000 2001 2002 2003 2004 --------------------------------------------------------------- Fixed Charges Computation Interest expensed and capitalized $ 3,603 $ 145 $ 417 $12,060 $ 13,857 Amortized premiums, discounts, and capitalized expenses related to indebtedness 3,034 79 136 3,857 6,031 Reasonable approximation of interest within rental expense 26 20 72 1,139 1,462 --------------------------------------------------------------- Total Fixed Charges 6,663 244 625 17,056 21,350 Preferred equity dividends 378 113 - - - --------------------------------------------------------------- Total Fixed Charges and Preferred Equity Dividends $ 7,041 $ 357 $ 625 $17,056 $ 21,350 =============================================================== Earnings Computation Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees $ 8,642 $14,468 $40,236 $60,081 $105,107 Plus Fixed charges 7,041 357 625 17,056 21,350 Minus Interest capitalized - - - 230 435 --------------------------------------------------------------- Total Earnings $15,683 $14,825 $40,861 $76,907 $126,022 =============================================================== Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends 2.23 41.53 65.38 4.51 5.90