Attached files
| file | filename |
|---|---|
| EX-32 - EX-32 - CARRIAGE SERVICES INC | h80414exv32.htm |
| EX-23.1 - EX-23.1 - CARRIAGE SERVICES INC | h80414exv23w1.htm |
| EX-31.2 - EX-31.2 - CARRIAGE SERVICES INC | h80414exv31w2.htm |
| EX-21.1 - EX-21.1 - CARRIAGE SERVICES INC | h80414exv21w1.htm |
| EX-31.1 - EX-31.1 - CARRIAGE SERVICES INC | h80414exv31w1.htm |
| 10-K - FORM 10-K - CARRIAGE SERVICES INC | h80414e10vk.htm |
EXHIBIT 12
CARRIAGE SERVICES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(unaudited and in thousands)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(unaudited and in thousands)
| 2006 | 2007 | 2008 | 2009 | 2010 | ||||||||||||||||
Fixed charges: |
||||||||||||||||||||
Interest expense |
$ | 17,794 | $ | 17,630 | $ | 17,606 | $ | 17,731 | $ | 17,534 | ||||||||||
Amortization of capitalized
expenses related to debt |
714 | 714 | 725 | 767 | 728 | |||||||||||||||
Rental expense factor |
1,245 | 1,235 | 1,278 | 1,284 | 1,602 | |||||||||||||||
Total fixed charges before
capitalized interest |
19,753 | 19,579 | 19,609 | 19,782 | 19,864 | |||||||||||||||
Capitalized interest |
50 | 59 | 56 | — | — | |||||||||||||||
Total fixed charges |
$ | 19,803 | $ | 19,638 | $ | 19,665 | $ | 19,782 | $ | 19,864 | ||||||||||
Earnings available for fixed charges: |
||||||||||||||||||||
Earnings before income taxes |
$ | 5,842 | $ | 12,317 | $ | 3,529 | $ | 11,845 | $ | 13,447 | ||||||||||
Add fixed charges before
capitalized interest |
19,753 | 19,579 | 19,609 | 19,782 | 19,864 | |||||||||||||||
Total earnings available
for fixed charges |
$ | 25,595 | $ | 31,896 | $ | 23,138 | $ | 31,627 | $ | 33,311 | ||||||||||
Ratio of earnings to fixed charges(1) |
1.29 | 1.62 | 1.18 | 1.60 | 1.68 | |||||||||||||||
| (1) | For purposes of computing the ratios of earnings to fixed charges and earnings to fixed charges plus dividends: (i) earnings consist of income from continuing operations before provision for income taxes plus fixed charges (excluding capitalized interest) and (ii) “fixed charges” consist of interest expensed and capitalized, amortization of debt discount and expense relating to indebtedness and the portion of rental expense representative of the interest factor attributable to leases for rental property. There were no dividends paid or accrued on the Company’s Common Stock during the periods presented above. |