EX-12 5 l91651aex12.txt EX-12
EXHIBIT 12 RESCARE, INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN THOUSANDS, EXCEPT RATIO DATA) Nine-months Year Ended December 31 ended --------------------------------------------------------- September 1996 1997 1998 1999 2000 30, 2001 --------- --------- --------- --------- --------- --------- Earnings Computation: Earnings from continuing operations before income taxes $ 16,740 $ 26,618 $ 38,416 $ 19,889 $ 24,823 $ 11,082 Fixed charges 6,211 10,604 22,074 27,764 31,166 21,989 --------- --------- --------- --------- --------- --------- Total earnings $ 22,951 $ 37,222 $ 60,490 $ 47,653 $ 55,989 $ 33,071 ========= ========= ========= ========= ========= ========= Fixed Charges Computation: Interest expense $ 3,939 $ 6,600 $ 15,556 $ 19,925 $ 23,446 $ 15,588 Interest component of rent expense 2,272 4,004 6,518 7,839 7,720 6,401 --------- --------- --------- --------- --------- --------- Total fixed charges $ 6,211 $ 10,604 $ 22,074 $ 27,764 $ 31,166 $ 21,989 ========= ========= ========= ========= ========= ========= Ratio of earnings to fixed charges 3.7 3.5 2.7 1.7 1.8 1.5 ========= ========= ========= ========= ========= ========= Pro forma ratio of earnings to fixed charges (a): Earnings Computation: Pro forma earnings from continuing operations before income taxes $ 22,931 $ 7,933 Pro forma fixed charges 33,058 25,138 --------- --------- Total pro forma earnings $ 55,989 $ 33,071 ========= ========= Fixed Charges Computation: Pro forma interest expense $ 25,338 $ 18,737 Interest component of rent expense 7,720 6,401 --------- --------- Total pro forma fixed charges $ 33,058 $ 25,138 ========= ========= Pro forma ratio of earnings to fixed charges 1.7 1.3 ========= =========