Attached files
| file | filename |
|---|---|
| 10-K - JUNE 30, 2011 10-K - BUCKEYE TECHNOLOGIES INC | june302011-10k.htm |
| EX-21.1 - SUBSIDIARIES OF THE REGISTRANT - BUCKEYE TECHNOLOGIES INC | exhibit21-1.htm |
| EX-32.2 - CFO CERTIFICATION - BUCKEYE TECHNOLOGIES INC | exhibit32-2.htm |
| EX-31.2 - CFO CERTIFICATION - BUCKEYE TECHNOLOGIES INC | exhibit31-2.htm |
| EX-31.1 - CEO CERTIFICATION - BUCKEYE TECHNOLOGIES INC | exhibit31-1.htm |
| EX-32.1 - CEO CERTIFICATION - BUCKEYE TECHNOLOGIES INC | exhibit32-1.htm |
| EX-23.1 - CONSENT OF INDEPENDENT ACCOUNTING FIRM - BUCKEYE TECHNOLOGIES INC | exhibit23-1.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
(unaudited)
|
2011
|
2010
|
2009
|
2008
|
2007
|
|
|
Fixed charges:
|
|||||
|
Interest expense on indebtedness
|
$8,190
|
$16,678
|
$28,247
|
$32,469
|
$37,853
|
|
Amortization of debt issuance costs
|
663
|
946
|
1,047
|
1,088
|
1,300
|
|
Capitalized interest
|
881
|
1,376
|
1,423
|
631
|
269
|
|
Interest expense on portion of rent expenserepresentative of interest
|
856
|
882
|
922
|
902
|
760
|
|
Total fixed charges
|
$10,590
|
$19,882
|
$31,639
|
$35,090
|
$40,182
|
|
Earnings:
|
|||||
|
Net income (loss) before provision for income taxes
|
$116,035
|
$125,811
|
$(51,710)
|
$67,305
|
$43,838
|
|
Fixed charges per above less capitalized interest
|
9,709
|
18,506
|
30,216
|
34,459
|
39,913
|
|
Amortization of capitalized interest
|
990
|
904
|
869
|
827
|
809
|
|
Total earnings
|
$126,734
|
$145,221
|
$(20,625)
|
$102,591
|
$84,561
|
|
Ratio of earnings to fixed charges*
|
12.0x
|
7.3x
|
2.9x
|
2.1x
|
|
|
Coverage deficiency
|
$(52,264)
|
||||
*Earnings were inadequate to cover fixed charges during fiscal year 2009.