Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - RYLAND GROUP INC | a14-13876_1ex32d2.htm |
| EX-31.2 - EX-31.2 - RYLAND GROUP INC | a14-13876_1ex31d2.htm |
| EX-31.1 - EX-31.1 - RYLAND GROUP INC | a14-13876_1ex31d1.htm |
| EXCEL - IDEA: XBRL DOCUMENT - RYLAND GROUP INC | Financial_Report.xls |
| 10-Q - 10-Q - RYLAND GROUP INC | a14-13876_110q.htm |
| EX-32.1 - EX-32.1 - RYLAND GROUP INC | a14-13876_1ex32d1.htm |
Exhibit 12.1: Computation of Ratio of Earnings to Fixed Charges
|
|
|
|
|
|
|
|
|
|
|
|
|
SIX MONTHS |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
ENDED |
| ||||||
|
|
|
|
|
TWELVE MONTHS ENDED DECEMBER 31, |
|
JUNE 30, |
| ||||||||||||
|
(in thousands, except ratio) |
|
2009 |
|
2010 |
|
2011 |
|
2012 |
|
2013 |
|
2014 |
| ||||||
|
(Loss) income from continuing operations before taxes |
|
$ |
(240,542 |
) |
$ |
(80,497 |
) |
$ |
(32,732 |
) |
$ |
43,967 |
|
$ |
195,691 |
|
$ |
90,373 |
|
|
Share of distributed (income) loss of |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
50%-or-less-owned affiliates, |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
net of equity pickup |
|
(308 |
) |
3,705 |
|
976 |
|
(1,218 |
) |
(1,202) |
|
(363) |
| ||||||
|
Amortization of capitalized interest |
|
51,477 |
|
40,791 |
|
32,068 |
|
40,612 |
|
52,362 |
|
22,246 |
| ||||||
|
Interest |
|
46,949 |
|
55,615 |
|
56,635 |
|
59,503 |
|
68,184 |
|
34,818 |
| ||||||
|
Less: interest capitalized during the period |
|
(35,931 |
) |
(31,221 |
) |
(38,032 |
) |
(42,327 |
) |
(59,208) |
|
(34,283) |
| ||||||
|
Interest portion of rental expense |
|
4,354 |
|
3,733 |
|
2,360 |
|
1,976 |
|
2,182 |
|
1,201 |
| ||||||
|
(LOSS) EARNINGS |
|
$ |
(174,001 |
) |
$ |
(7,874 |
) |
$ |
21,275 |
|
$ |
102,513 |
|
$ |
258,009 |
|
$ |
113,992 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Interest |
|
$ |
46,949 |
|
$ |
55,615 |
|
$ |
56,635 |
|
$ |
59,503 |
|
$ |
68,184 |
|
$ |
34,818 |
|
|
Interest portion of rental expense |
|
4,354 |
|
3,733 |
|
2,360 |
|
1,976 |
|
2,182 |
|
1,201 |
| ||||||
|
FIXED CHARGES |
|
$ |
51,303 |
|
$ |
59,348 |
|
$ |
58,995 |
|
$ |
61,479 |
|
$ |
70,366 |
|
$ |
36,019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
(DEFICIENCY) SURPLUS |
|
$ |
(225,304 |
) |
$ |
(67,222 |
) |
$ |
(37,720 |
) |
$ |
41,034 |
|
$ |
187,643 |
|
$ |
77,973 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Ratio of earnings to fixed charges |
|
- |
|
- |
|
- |
|
1.67 |
|
3.67 |
|
3.16 |
| ||||||