Attached files
| file | filename |
|---|---|
| 10-K - 10-K JUNE 30, 2010 - BUCKEYE TECHNOLOGIES INC | tenk63010.htm |
| EX-23.1 - ERNST & YOUNG CONSENT - BUCKEYE TECHNOLOGIES INC | eandyconsent.htm |
| EX-31.1 - EXHIBIT 31.1 CEO - BUCKEYE TECHNOLOGIES INC | exhibit31-1ceo.htm |
| EX-32.1 - EXHIBIT 32.1 CEO - BUCKEYE TECHNOLOGIES INC | exhibit32-1ceo.htm |
| EX-32.2 - EXHIBIT 32.2 CFO - BUCKEYE TECHNOLOGIES INC | exhibit32-2cfo.htm |
| EX-31.2 - EXHIBIT 31.2 CFO - BUCKEYE TECHNOLOGIES INC | exhibit31-2cfo.htm |
| EX-21.1 - EXHIBIT 21.1 SUBSIDIARIES - BUCKEYE TECHNOLOGIES INC | exhibit21-1subs.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
(unaudited)
|
Year Ended June 30
|
|||||
|
2010
|
2009
|
2008
|
2007
|
2006
|
|
|
Fixed charges:
|
|||||
|
Interest expense on indebtedness
|
$16,678
|
$28,247
|
$32,469
|
$37,853
|
$42,381
|
|
Amortization of debt issuance costs
|
946
|
1,047
|
1,088
|
1,300
|
1,487
|
|
Capitalized interest
|
1,376
|
1,423
|
631
|
269
|
1,866
|
|
Interest expense on portion of rent expense
representative of interest
|
882
|
922
|
902
|
760
|
1,159
|
|
Total fixed charges
|
$19,882
|
$31,639
|
$35,090
|
$40,182
|
$46,893
|
|
Earnings:
|
|||||
|
Net income (loss) before provision for
income taxes
|
$125,811
|
$(51,710)
|
$67,305
|
$43,838
|
$684
|
|
Fixed charges per above less capitalized
interest
|
18,506
|
30,216
|
34,459
|
39,913
|
45,027
|
|
Amortization of capitalized interest
|
904
|
869
|
827
|
809
|
685
|
|
Total earnings
|
$145,221
|
$(20,625)
|
$102,591
|
$84,561
|
$46,396
|
|
Ratio of earnings to fixed charges*
|
7.3x
|
2.9x
|
2.1x
|
||
|
Coverage deficiency
|
$(52,264)
|
$(497)
|
|||
*Earnings were inadequate to cover fixed charges during fiscal years 2009 and 2006.