EX-12.1 9 d741034dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Beazer Homes USA, Inc.

Calculation of Ratio of Earnings to Total Fixed Charges

 

                                   Six Months Ended
March 31,
 
     2009     2010     2011     2012     2013     2013     2014  
($ in thousands)                                  unaudited  

Earnings

            

Loss before income taxes from continuing operations

     (181,781     (147,925     (196,818     (175,970     (35,653     (38,646     (12,186

Plus: Fixed charges

     137,533        130,760        134,490        126,892        116,720        58,323        65,762   

Less: Capitalized interest

     (50,451     (53,102     (57,378     (53,444     (55,618     (25,138     (34,208

Add: Interest amortized to COS

     54,714        52,243        46,382        60,952        41,246        17,827        14,514   

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        12,366        33,882   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed Charges

     137,533        130,760        134,490        126,892        116,720        58,323        65,762   

Ratio of Earnings to Fixed Charges(b)

     (a     (a     (a     (a     0.6x        0.2x        0.5x   

 

(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.
(b) The ratio of earnings to combined fixed charges and preferred dividends is the same as the ratio of earnings to fixed charges for the periods presented because no shares of preferred stock were outstanding during these periods.