EX-12.A 2 ex12a.htm EXHIBIT 12A
Exhibit 12(a)
Computation of Ratio Earnings to Fixed Charges
(dollars in thousands)

|  | Fiscal Year Ended June 30, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
Earnings: |  |  |  |  |  |  |  |  |
Income (loss) before income taxes |  | $ | 41,239 |  |  | $ | 26,371 |  |  | $ | (18,787 | )
Unconsolidated affiliates' interests, net |  |  | - |  |  |  | - |  |  |  | - |
Amortization of capitalized interest |  |  | 10 |  |  |  | 10 |  |  |  | 61 |
Interest expense and other related financing costs |  |  | 9,020 |  |  |  | 11,126 |  |  |  | 11,924 |
Interest portion of rent expense (1) |  |  | 10,335 |  |  |  | 10,323 |  |  |  | 11,152 |
Adjusted earnings |  | $ | 60,604 |  |  | $ | 47,830 |  |  | $ | 4,350 |
Fixed Charges: |  |  |  |  |  |  |  |  |  |  |  |
Interest expense and other related financing costs |  | $ | 9,020 |  |  | $ | 11,126 |  |  | $ | 11,924 |
Interest portion of rent expense (1) |  |  | 10,335 |  |  |  | 10,323 |  |  |  | 11,152 |
Total fixed charges |  | $ | 19,355 |  |  | $ | 21,449 |  |  | $ | 23,076 |
Ratio of earnings to fixed charges |  |  | 3.13 |  |  |  | 2.23 |  |  |  | 0.19 |

(1) One-third of rent expense is considered representative of the interest factor within rent expense |  |  |