Attached files
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratios)
| Three Months Ended February 28, 2011 |
Year Ended November 30, | |||||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
| Pre-tax income (loss) from continuing operations |
$ | 3.3 | $ | 18.5 | $ | 27.9 | $ | (2.0 | ) | $ | (6.9 | ) | $ | 3.3 | ||||||||||
| Adjustment for (income) loss from equity investees |
— | — | — | (.2 | ) | (1.2 | ) | (2.3 | ) | |||||||||||||||
| Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees |
$ | 3.3 | $ | 18.5 | $ | 27.9 | $ | (2.2 | ) | $ | (8.1 | ) | $ | 1.0 | ||||||||||
| Distributed income equity investees |
— | — | — | — | — | .5 | ||||||||||||||||||
| Less: Capitalized interest |
— | — | — | — | — | — | ||||||||||||||||||
| Amortization of interest previously capitalized |
— | — | — | — | — | — | ||||||||||||||||||
| Adjusted pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees |
$ | 3.3 | $ | 18.5 | $ | 27.9 | $ | (2.2 | ) | $ | (8.1 | ) | $ | 1.5 | ||||||||||
| Fixed Charges: |
||||||||||||||||||||||||
| Interest expense |
$ | 8.6 | $ | 8.0 | $ | 7.5 | $ | 12.3 | $ | 15.7 | $ | 20.3 | ||||||||||||
| Interest capitalized during the period |
— | — | — | — | — | — | ||||||||||||||||||
| Amortization of debt issuance costs |
.7 | .7 | .6 | .7 | .8 | 1.0 | ||||||||||||||||||
| Imputed interest portion of rent expense |
.3 | 1.3 | 1.3 | 1.6 | 1.5 | 1.8 | ||||||||||||||||||
| Total Fixed Charges |
$ | 9.6 | $ | 10.0 | $ | 9.4 | $ | 14.6 | $ | 18.0 | $ | 23.1 | ||||||||||||
| Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees plus fixed charges |
$ | 12.9 | $ | 28.5 | $ | 37.3 | $ | 12.4 | $ | 9.9 | $ | 24.6 | ||||||||||||
| Ratio of Earnings to Fixed Charges (a) |
1.3 | 2.8 | 4.0 | — | — | 1.1 | ||||||||||||||||||