EX-12.1 5 exhibit121fixedchargesrati.htm EXHIBIT FIXED CHARGE RATIO Exhibit 12.1 Fixed Charges Ratio (3)



Exhibit 12.1


COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

The ratio of earnings to fixed charges is shown below.
 
 
Year ended September 30,
 
 
2012
 
2011
 
2010
 
2009
 
2008
 
 
(in millions)
Income (loss) before income taxes
 
$
2.7

 
$
(12.9
)
 
$
(2.9
)
 
$
(940.7
)
 
$
91.2

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Total interest including amortization of debt discount and issue costs and amounts capitalized
 
$
60.2

 
$
65.9

 
$
68.3

 
$
79.9

 
$
76.4

Estimated interest within rent expense
 
2.8

 
2.8

 
3.0

 
4.1

 
4.1

 
 
 
 
 
 
 
 
 
 
 
Total fixed charges
 
$
63.0

 
$
68.7

 
$
71.3

 
$
84.0

 
$
80.5

 
 
 
 
 
 
 
 
 
 
 
Earnings (a)
 
$
65.7

 
$
55.8

 
$
68.4

 
$
(856.7
)
 
$
171.7

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed
 
1.0

 
—

 
—

 
—

 
2.1

(a)
For these ratios, “earnings” represents income (loss) before income taxes plus fixed charges.
(b)
Due to a loss during 2011, 2010 and 2009, the ratio of earnings to fixed charges for these years was less than 1.0. The deficiency of earnings to total fixed charges was $12.9 million, $2.9 million and $940.7 million for 2011, 2010 and 2009, respectively.