Attached files
file | filename |
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EX-32 - EX-32 - HEADWATERS INC | a2226590zex-32.htm |
EX-95 - EX-95 - HEADWATERS INC | a2226590zex-95.htm |
EX-31.1 - EX-31.1 - HEADWATERS INC | a2226590zex-31_1.htm |
EX-21 - EX-21 - HEADWATERS INC | a2226590zex-21.htm |
EX-23 - EX-23 - HEADWATERS INC | a2226590zex-23.htm |
EX-31.2 - EX-31.2 - HEADWATERS INC | a2226590zex-31_2.htm |
10-K - 10-K - HEADWATERS INC | a2226590z10-k.htm |
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Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
|
Year Ended September 30, | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
(dollars in thousands) |
2011 | 2012** | 2013 | 2014 | 2015 | |||||||||||
Fixed Charges Computation |
||||||||||||||||
Interest expensed and capitalized(1) |
$ | 106,557 | $ | 38,809 | $ | 37,100 | $ | 44,768 | $ | 58,681 | ||||||
Amortized premiums, discounts, and capitalized expenses related to indebtedness |
20,069 | 14,184 | 5,841 | 2,175 | 6,179 | |||||||||||
Reasonable approximation of interest within rental expense |
3,323 | 3,106 | 3,454 | 3,342 | 3,437 | |||||||||||
| | | | | | | | | | | | | | | | |
Total Fixed Charges and Preferred Equity Dividends |
$ | 129,949 | $ | 56,099 | $ | 46,395 | $ | 50,285 | $ | 68,297 | ||||||
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Earnings Computation |
||||||||||||||||
Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees |
$ | (138,093 | ) | $ | (16,454 | ) | $ | 12,209 | $ | 20,576 | $ | 37,932 | ||||
Plus |
||||||||||||||||
Fixed charges |
129,949 | 56,099 | 46,395 | 50,285 | 68,297 | |||||||||||
Minus |
||||||||||||||||
Interest capitalized |
91 | 137 | 192 | 427 | 585 | |||||||||||
| | | | | | | | | | | | | | | | |
Total Earnings |
$ | (8,235 | ) | $ | 39,508 | $ | 58,412 | $ | 70,434 | $ | 105,644 | |||||
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends |
N/A | * | 0.70 | 1.26 | 1.40 | 1.55 |
- *
- Total
earnings for this period were less than zero dollars. The deficiency of earnings to fixed charges for the year ended September 30, 2011 was
$138.2 million.
- **
- The
deficiency of earnings to fixed charges for the year ended September 30, 2012 was $16.6 million.
- (1)
- Interest expense associated with unrecognized tax benefits is included in income tax expense, not with interest expense.