EX-12 3 l91651bex12.txt EX-12 COMPUTATION OF RATIO OF EARNINGS
EXHIBIT 12 RESCARE, INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN THOUSANDS, EXCEPT RATIO DATA) Year Ended December 31 --------------------------------------------------------- 1997 1998 1999 2000 2001 --------- --------- --------- --------- --------- Earnings Computation: Earnings (loss) from continuing operations before income taxes $ 26,618 $ 38,416 $ 19,889 $ 24,823 $ (6,285) Fixed charges 10,604 22,074 27,764 31,166 29,508 --------- --------- --------- --------- --------- Total earnings $ 37,222 $ 60,490 $ 47,653 $ 55,989 $ 23,223 ========= ========= ========= ========= ========= Fixed Charges Computation: Interest expense $ 6,600 $ 15,556 $ 19,925 $ 23,446 $ 20,949 Interest component of rent expense 4,004 6,518 7,839 7,720 8,559 --------- --------- --------- --------- --------- Total fixed charges $ 10,604 $ 22,074 $ 27,764 $ 31,166 $ 29,508 ========= ========= ========= ========= ========= Ratio of earnings to fixed charges 3.5 2.7 1.7 1.8 0.8 ========= ========= ========= ========= =========