EX-12.1 2 v374292_ex12-1.htm EXHIBIT 12.1

 

Exhibit 12.1

 

The following table sets forth our ratio of earnings to fixed charges for the periods indicated on a consolidated historical basis.

   Six Months Ended
December 31,
   Year Ended June 30, 
   2013   2013   2012   2011 
       (Unaudited) 
Ratio of Earnings (Loss) to Fixed Charges  2.58x    3.46x   4.55x   1.80x

 

For purposes of computing the ratio of earnings (loss) to fixed charges, earnings (loss) is defined as pre-tax income (loss) plus fixed charges. Fixed charges consist of interest expense and amortization of deferred financing fees

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   Six Months Ended December 31,   Year Ended June 30, 
   2013   2013   2012   2011 
       (Dollars in Thousands)
(Unaudited)
 
Earnings (Loss):                    
Pre-Tax Income (Loss)  $103,096   $266,807   $386,156   $85,020 
Fixed Charges   65,441    108,360    108,731    105,673 
Total Earnings (Loss)   168,537    375,167    494,887    190,693 
Fixed Charges:                    
Interest Expense   62,222    101,462    101,256    95,602 
Deferred Financing Fees   3,219    6,898    7,475    10,071 
Total Fixed Charges   65,441    108,360    108,731    105,673 
Ratio of Earnings (Loss) to Fixed Charges   2.58x    3.46x   4.55x   1.80x