EX-12.1 6 d715141dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERENCE DIVIDENDS

The following table reflects the computation of the ratio of earnings to combined fixed charges and preference dividends for the periods presented (in thousands, except for ratios):

 

     Nine
Months
ended
March 31,		      Year Ended June 30,  
     2014      2013      2012      2011      2010      2009  

Computation of earnings:

                  

Earnings before taxes

    $ 178,502       $ 178,210       $ 137,345       $ 136,134       $ 91,147       $ 82,537   

Add:

                  

Losses attributable to non-controlling interests

      88         —           —           —           —           —     

Fixed charges (see below)

      17,159         16,982         15,564         8,452         8,798         12,003   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
   $ 195,749       $ 195,192       $ 152,909       $ 144,586       $ 99,945       $ 94,540   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Computation of combined fixed charges and preference dividends:

                  

Fixed charges:

                  

Interest expense

    $ 17,159       $ 16,982       $ 15,564       $ 8,452       $ 8,798       $ 12,003   

Preference dividends

      —           —           —           —           —           —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total combined fixed charges and preference dividends

    $ 17,159       $ 16,982       $ 15,564       $ 8,452       $ 8,798       $ 12,003   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Ratio of earnings to fixed charges (1)

      11.41         11.49         9.82         17.11         11.36         7.88   

Ratio of earnings to combined fixed charges and preference dividends (1) (2)

      11.41         11.49         9.82         17.11         11.36         7.88   

 

(1) For the purpose of these calculations, “earnings” is the amount resulting from adding together earnings before taxes, fixed charges, and losses attributable to non-controlling interests. “Fixed charges” includes interest expensed, capitalized and capitalized expenses related to indebtedness.
(2) There were no preference shares outstanding for the indicated periods. Accordingly, the ratio of earnings to combined fixed charges and preference dividends was identical to the ratio of earnings to fixed charges for each period.