Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - SCHULMAN A INC | d920013d8k.htm |
| EX-5.1 - EX-5.1 - SCHULMAN A INC | d920013dex51.htm |
| EX-3.1 - EX-3.1 - SCHULMAN A INC | d920013dex31.htm |
| EX-1.1 - EX-1.1 - SCHULMAN A INC | d920013dex11.htm |
Exhibit 12.1
A. SCHULMAN, INC.
Calculation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(Amounts in Thousands, Except Ratios)
| Pro forma six months ended February 28, |
Pro forma twelve months ended August 31, |
Six months ended February 28, |
Twelve months ended August 31, | |||||||||||||||||||||||||||||
| 2015 | 2014 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||||||||
| Pretax Income from continuing operations before adjustment for income or loss from equity investees |
$ | 5,760 | $ | 11,270 | $ | 21,323 | $ | 72,422 | $ | 53,732 | $ | 66,827 | $ | 66,139 | $ | 43,713 | ||||||||||||||||
| Fixed charges (from below) |
40,130 | 80,505 | 7,370 | 14,036 | 11,890 | 11,818 | 9,663 | 7,477 | ||||||||||||||||||||||||
| Income (loss) from equity investees |
42 | 93 | 19 | (90 | ) | — | — | — | — | |||||||||||||||||||||||
| Less: preferred share dividends |
(3,713 | ) | (7,425 | ) | — | — | — | — | — | — | ||||||||||||||||||||||
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| Earnings |
$ | 42,219 | $ | 84,443 | $ | 28,712 | $ | 86,368 | $ | 65,622 | $ | 78,645 | $ | 75,802 | $ | 51,190 | ||||||||||||||||
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| Interest expense (a) |
33,234 | 66,643 | 4,670 | 8,503 | 7,657 | 8,351 | 6,430 | 5,010 | ||||||||||||||||||||||||
| Interest portion of rental expense (b) |
3,183 | 6,437 | 2,700 | 5,533 | 4,233 | 3,467 | 3,233 | 2,467 | ||||||||||||||||||||||||
| Preferred share dividends |
3,713 | 7,425 | — | — | — | — | — | — | ||||||||||||||||||||||||
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| Fixed charges |
$ | 40,130 | $ | 80,505 | $ | 7,370 | $ | 14,036 | $ | 11,890 | $ | 11,818 | $ | 9,663 | $ | 7,477 | ||||||||||||||||
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| Ratio of earnings to combined fixed charges and preference dividends |
1.05 | 1.05 | 3.90 | 6.15 | 5.52 | 6.65 | 7.84 | 6.85 | ||||||||||||||||||||||||
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| (a) | Includes amortization of deferred financing costs |
| (b) | Interest portion of rental expense is estimated to equal 1/3 of such expense, which is considered a reasonable approximation of the interest factor. |