Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - CARRIAGE SERVICES INC | csv-ex311x20151231x10k.htm |
| EX-10.24 - FORM OF PERFORMANCE AWARD AGREEMENT - CARRIAGE SERVICES INC | csv-ex1024formofperformanc.htm |
| 10-K - 10-K - CARRIAGE SERVICES INC | csv-20151231x10k.htm |
| EX-32 - CERTIFICATION OF PERIODIC FINANCIAL REPORTS BY MELVIN C. PAYNE AND CARL B. BRINK - CARRIAGE SERVICES INC | csv-ex32x20151231x10k.htm |
| EX-31.2 - CERTIFICATION OF PERIODIC FINANCIAL REPORTS BY CARL B. BRINK IN SATISFACTIO - CARRIAGE SERVICES INC | csv-ex312x20151231x10k.htm |
| EX-23.1 - CONSENT OF GRANT THORNTON LLP. - CARRIAGE SERVICES INC | csv-ex231x20151231x10k.htm |
| EX-21.1 - SUBSIDIARIES OF THE COMPANY. - CARRIAGE SERVICES INC | csv-ex211x20151231x10k.htm |
| EX-23.2 - EXHIBIT 23.2 - CARRIAGE SERVICES INC | csv-ex232x20151231x10xk.htm |
EXHIBIT 12
CARRIAGE SERVICES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(unaudited and in thousands)
2011 | 2012 | 2013 | 2014 | 2015 | ||||||||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 17,596 | $ | 19,446 | $ | 12,260 | $ | 9,325 | $ | 9,563 | ||||||||||
Amortization of capitalized expenses related to debt | 709 | 685 | 362 | 983 | 996 | |||||||||||||||
Rental expense factor | 1,864 | 1,965 | 2,180 | 2,130 | 2,177 | |||||||||||||||
Total fixed charges | $ | 20,169 | $ | 22,096 | $ | 14,802 | $ | 12,438 | $ | 12,736 | ||||||||||
Earnings available for fixed charges: | ||||||||||||||||||||
Earnings before income taxes | $ | 12,138 | $ | 19,249 | $ | 24,462 | $ | 22,701 | $ | 34,990 | ||||||||||
Add fixed charges before capitalized interest | 20,169 | 22,096 | 14,802 | 12,438 | 12,736 | |||||||||||||||
Total earnings available for fixed charges | $ | 32,307 | $ | 41,345 | $ | 39,264 | $ | 35,139 | $ | 47,726 | ||||||||||
Ratio of earnings to fixed charges(1) | 1.60 | 1.87 | 2.65 | 2.83 | 3.75 | |||||||||||||||
(1) | For purposes of computing the ratios of earnings to fixed charges: (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. |