EX-12.1 2 bcc12312013ex121.htm RATIO OF EARNINGS TO FIXED CHARGES
Exhibit 12.1
Boise Cascade Company
Ratio of Earnings to Fixed Charges

| Year Ended December 31
| 2013 |  | 2012 |  | 2011 |  | 2010 |  | 2009
| (thousands, except ratios)
Interest costs | $ | 20,426 |  |  | $ | 21,757 |  |  | $ | 18,987 |  |  | $ | 21,005 |  |  | $ | 22,520 |
Capitalized interest | — |  |  | — |  |  | — |  |  | — |  |  | — |
Interest factor related to noncapitalized leases | 5,041 |  |  | 5,950 |  |  | 6,210 |  |  | 5,664 |  |  | 5,727 |
Total fixed charges | $ | 25,467 |  |  | $ | 27,707 |  |  | $ | 25,197 |  |  | $ | 26,669 |  |  | $ | 28,247 |
Income (loss) before income taxes and cumulative effect of accounting changes | $ | 78,148 |  |  | $ | 41,803 |  |  | $ | (46,123 | ) |  | $ | (32,997 | ) |  | $ | (97,838 | )
Undistributed (earnings) losses of less than 50% -owned entities, net of distributions | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total fixed charges | 25,467 |  |  | 27,707 |  |  | 25,197 |  |  | 26,669 |  |  | 28,247 |
Total earnings (losses) before fixed charges | $ | 103,615 |  |  | $ | 69,510 |  |  | $ | (20,926 | ) |  | $ | (6,328 | ) |  | $ | (69,591 | )
Ratio of earnings to fixed charges | 4.07 |  |  | 2.51 |  |  | N/A |  |  | N/A |  |  | N/A |
Amount by which earnings are insufficient to cover fixed charges | N/A |  |  | N/A |  |  | $ | 46,123 |  |  | $ | 32,997 |  |  | $ | 97,838 |