EX-12.1 2 bcc12312015ex121.htm RATIO OF EARNINGS TO FIXED CHARGES
Exhibit 12.1
Boise Cascade Company
Ratio of Earnings to Fixed Charges

| Year Ended December 31
| 2015 |  | 2014 |  | 2013 |  | 2012 |  | 2011
| (thousands, except ratios)
Interest costs | $ | 22,532 |  |  | $ | 22,049 |  |  | $ | 20,426 |  |  | $ | 21,757 |  |  | $ | 18,987 |
Capitalized interest | — |  |  | — |  |  | — |  |  | — |  |  | — |
Interest factor related to noncapitalized leases | 6,913 |  |  | 5,741 |  |  | 5,041 |  |  | 5,950 |  |  | 6,210 |
Total fixed charges | $ | 29,445 |  |  | $ | 27,790 |  |  | $ | 25,467 |  |  | $ | 27,707 |  |  | $ | 25,197 |
Income (loss) before income taxes and cumulative effect of accounting changes | $ | 80,682 |  |  | $ | 123,305 |  |  | $ | 78,148 |  |  | $ | 41,803 |  |  | $ | (46,123 | )
Undistributed (earnings) losses of less than 50% -owned entities, net of distributions | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total fixed charges | 29,445 |  |  | 27,790 |  |  | 25,467 |  |  | 27,707 |  |  | 25,197 |
Total earnings (losses) before fixed charges | $ | 110,127 |  |  | $ | 151,095 |  |  | $ | 103,615 |  |  | $ | 69,510 |  |  | $ | (20,926 | )
Ratio of earnings to fixed charges | 3.74 |  |  | 5.44 |  |  | 4.07 |  |  | 2.51 |  |  | N/A |
Amount by which earnings are insufficient to cover fixed charges | N/A |  |  | N/A |  |  | N/A |  |  | N/A |  |  | $ | 46,123 |