EX-12 2 p73870exv12.htm EX-12 exv12
 

Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
                                                         
                                    Six             Three  
                                    Months     Year     Months  
                                    Ended     Ended     Ended  
    Fiscal Year Ended June 30,     Dec. 31,     Dec. 31,     March 31,  
    2002     2003     2004     2005     2005     2006     2007  
EARNINGS:
                                                       
Income (loss) before income tax expense
  $ 78,984     $ 77,660     $ 46,157     $ 99,102     $ 80,223     $ (116,645 )   $ 15,245  
Add: Fixed charges
    2,967       14,375       13,161       12,993       6,547       13,026       3,301  
 
                                         
Earnings as defined
  $ 81,951     $ 92,035     $ 59,318     $ 112,095     $ 86,770     $ (103,619 )   $ 18,546  
 
                                         
 
                                                       
FIXED CHARGES:
                                                       
Interest expense
  $ 1,376     $ 10,038     $ 8,663     $ 8,488     $ 4,253     $ 8,488     $ 2,122  
Amortization of deferred financing fees
          2,542       2,145       2,152       1,080       2,168       536  
 
                                         
Interest expense as reported
    1,376       12,580       10,808       10,640       5,333       10,640       2,658  
Portion of rent expense as interest
    1,591       1,795       2,353       2,353       1,214       2,386       643  
 
                                         
Fixed charges as defined
  $ 2,967     $ 14,375     $ 13,161     $ 12,993     $ 6,547     $ 13,026     $ 3,301  
 
                                         
 
                                                       
Ratio of earnings to fixed charges
    27.6 x     6.4 x     4.5 x     8.6 x     13.3 x     (8.0 )x     5.6 x
     For purposes of computing the ratios of earnings to fixed charges, earnings represent pretax income from continuing operations plus fixed charges. Fixed charges represent interest expense and the portion of rents representative of interest related to continuing operations.