Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - RYLAND GROUP INC | Financial_Report.xls |
| EX-32.2 - EX-32.2 - RYLAND GROUP INC | a14-19631_1ex32d2.htm |
| EX-31.2 - EX-31.2 - RYLAND GROUP INC | a14-19631_1ex31d2.htm |
| EX-32.1 - EX-32.1 - RYLAND GROUP INC | a14-19631_1ex32d1.htm |
| EX-31.1 - EX-31.1 - RYLAND GROUP INC | a14-19631_1ex31d1.htm |
| 10-Q - 10-Q - RYLAND GROUP INC | a14-19631_110q.htm |
Exhibit 12.1: Computation of Ratio of Earnings to Fixed Charges
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NINE MONTHS |
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ENDED |
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TWELVE MONTHS ENDED DECEMBER 31, |
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SEPTEMBER 30, |
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(in thousands, except ratio) |
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2009 |
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2010 |
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2011 |
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2012 |
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2013 |
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2014 |
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(Loss) income from continuing operations before taxes |
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$ |
(240,542 |
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$ |
(80,497 |
) |
$ |
(32,732 |
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$ |
43,967 |
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$ |
195,691 |
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$ |
169,315 |
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Share of distributed (income) loss of |
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50%-or-less-owned affiliates, |
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net of equity pickup |
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(308 |
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3,705 |
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976 |
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(1,218 |
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(1,202 |
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(538 |
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Amortization of capitalized interest |
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51,477 |
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40,791 |
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32,068 |
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40,612 |
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52,362 |
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34,625 |
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Interest |
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46,949 |
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55,615 |
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56,635 |
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59,503 |
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68,184 |
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52,194 |
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Less: interest capitalized during the period |
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(35,931 |
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(31,221 |
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(38,032 |
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(42,327 |
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(59,208 |
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(51,443 |
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Interest portion of rental expense |
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4,354 |
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3,733 |
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2,360 |
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1,976 |
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2,182 |
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1,836 |
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(LOSS) EARNINGS |
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$ |
(174,001 |
) |
$ |
(7,874 |
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$ |
21,275 |
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$ |
102,513 |
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$ |
258,009 |
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$ |
205,989 |
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Interest |
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$ |
46,949 |
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$ |
55,615 |
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$ |
56,635 |
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$ |
59,503 |
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$ |
68,184 |
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$ |
52,194 |
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Interest portion of rental expense |
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4,354 |
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3,733 |
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2,360 |
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1,976 |
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2,182 |
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1,836 |
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FIXED CHARGES |
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$ |
51,303 |
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$ |
59,348 |
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$ |
58,995 |
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$ |
61,479 |
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$ |
70,366 |
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$ |
54,030 |
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(DEFICIENCY) SURPLUS |
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$ |
(225,304 |
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$ |
(67,222 |
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$ |
(37,720 |
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$ |
41,034 |
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$ |
187,643 |
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$ |
151,959 |
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Ratio of earnings to fixed charges |
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- |
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- |
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- |
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1.67 |
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3.67 |
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3.81 |
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