EX-12 6 dex12.htm STATEMENT REGARDING RATIO OF EARNINGS/(LOSS) TO FIXED CHARGES Statement regarding ratio of earnings/(loss) to fixed charges

EXHIBIT 12

 

Ratio of Earnings to Fixed Charges and Preferred Stock

(Dollars in thousands)

 

     As of the Year Ended September 30  
     2006    2005    2004    2003    2002  

Income from Continuing Operations Before Income Taxes

    $ 69,108    $ 63,179    $ 42,302    $ 20,633    $ 13,070  

Minority Interest (Income) Expense

      —      —      43      12      (316 )

Loss from Equity Investments

      —      —      —      —      134  

Fixed Charges

      27,069      23,241      22,115      16,812      8,824  
    
  
  
  
  

Adjusted Earnings

      96,177      86,420      64,460      37,457      21,712  

Fixed Charges

                                     

Interest Expense

      15,345      14,912      14,868      5,675      5,079  

Rent Expense (1)

      11,724      8,097      6,540      4,678      3,745  

Preferred Stock Dividends

      —      232      707      6,459      —  
    
  
  
  
  

Fixed Charges

    $ 27,069    $ 23,241    $ 22,115    $ 16,812    $ 8,824  

Ratio of Earnings to Fixed Charges

      2.6      2.7      1.9      1.2      1.5  

 

1. One-third of total rent expense is estimated by Andrew to be a conservative estimate of the interest component of rent expense.