EX-12.1 10 d658347dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Beazer Homes USA, Inc.

Calculation of Ratio of Earnings to Total Fixed Charges

 

     2009     2010     2011     2012     2013  
($ in thousands)                               

Earnings

           

Loss before income taxes from continuing operations

      (181,781 )      (147,925 )      (196,818 )      (175,970 )      (35,653 ) 

Plus: Fixed charges

      137,533        130,760        134,490        126,892        116,720   

Less: Capitalized interest

      (50,451 )      (53,102 )      (57,378 )      (53,444 )      (55,618 ) 

Add: Interest amortized to COS

      54,714        52,243        46,382        60,952        41,246   

Add: Interest impaired to COS

      3,376        2,313        1,907        275        —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings available for fixed charges

      (36,609 )      (15,711 )      (71,417 )      (41,295 )      66,695   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed Charges

      137,533        130,760        134,490        126,892        116,720   

Ratio of Earnings to Fixed Charges

      (a)        (a)        (a)        (a)        0.6x   

 

(a) Earnings for the fiscal years ended September 30, 2009, 2010, 2011 and 2012 were insufficient to cover fixed charges by $37 million, $16 million, $71 million and $41 million, respectively. Earnings for the fiscal year ended September 30, 2013 were sufficient to cover fixed charges by $67 million, resulting in a ratio of earnings to fixed charges of 0.6x.