Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - POTLATCHDELTIC CORP | Financial_Report.xls |
| EX-31 - EXHIBIT 31 - POTLATCHDELTIC CORP | pch10k2014ex31.htm |
| EX-23 - EXHIBIT 23 - POTLATCHDELTIC CORP | pch10k2014ex23-kpmgconsent.htm |
| EX-24 - EXHIBIT 24 - POTLATCHDELTIC CORP | pch10k2014ex24-powersofatt.htm |
| EX-21 - EXHIBIT 21 - POTLATCHDELTIC CORP | pch10k2014ex21-subsidiaries.htm |
| 10-K - 10-K - POTLATCHDELTIC CORP | pch10k2014.htm |
| EX-32 - EXHIBIT 32 - POTLATCHDELTIC CORP | pch10k2014ex32.htm |
Exhibit (12)
POTLATCH CORPORATION
Computation of Ratio of Earnings to Fixed Charges
(In thousands)
2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||
Income from continuing operations before income taxes | $ | 109,597 | $ | 84,466 | $ | 59,403 | $ | 44,411 | $ | 44,871 | |||||
Add: | |||||||||||||||
Interest expense | 21,834 | 21,885 | 23,727 | 25,216 | 26,070 | ||||||||||
Capitalized interest | 86 | — | — | — | — | ||||||||||
Interest portion of rental expense | 1,332 | 1,191 | 1,024 | 822 | 651 | ||||||||||
Discount and debt expense amortization | 1,361 | 1,498 | 1,974 | 2,817 | 1,836 | ||||||||||
Earnings available for fixed charges | 134,210 | 109,040 | 86,128 | 73,266 | 73,428 | ||||||||||
Fixed charges: | |||||||||||||||
Interest expense | 21,834 | 21,885 | 23,727 | 25,216 | 26,070 | ||||||||||
Capitalized interest | 86 | — | — | — | — | ||||||||||
Interest portion of rental expense | 1,332 | 1,191 | 1,024 | 822 | 651 | ||||||||||
Discount and debt expense amortization | 1,361 | 1,498 | 1,974 | 2,817 | 1,836 | ||||||||||
Total fixed charges | 24,613 | 24,574 | 26,725 | 28,855 | 28,557 | ||||||||||
Ratio of earnings to fixed charges | 5.5 | 4.4 | 3.2 | 2.5 | 2.6 | ||||||||||