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EX-32 - EXHIBIT 32 - POTLATCHDELTIC CORPpch10k2015ex32.htm
EX-31 - EXHIBIT 31 - POTLATCHDELTIC CORPpch10k2015ex31.htm
EX-10.R - EXHIBIT 10.R - POTLATCHDELTIC CORPpch10k2015ex10r.htm
EX-23 - EXHIBIT 23 - POTLATCHDELTIC CORPpch10k2015ex23-kpmgconsent.htm
EX-24 - EXHIBIT 24 - POTLATCHDELTIC CORPpch10k2015ex24-powersofatt.htm
EX-21 - EXHIBIT 21 - POTLATCHDELTIC CORPpch10k2015ex21-subsidiaries.htm
10-K - 10-K - POTLATCHDELTIC CORPpch10k2015.htm


Exhibit (12)

POTLATCH CORPORATION

Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
2015
 
2014
 
2013
 
2012
 
2011
Income from continuing operations before income taxes
$
26,146

 
$
109,597

 
$
84,466

 
$
59,403

 
$
44,411

Add:
 
 
 
 
 
 
 
 
 
    Interest expense
31,566

 
21,834

 
21,885

 
23,727

 
25,216

    Capitalized interest
206

 
86

 

 

 

    Interest portion of rental expense
1,517

 
1,332

 
1,191

 
1,024

 
822

    Discount and debt expense amortization
1,194

 
1,361

 
1,498

 
1,974

 
2,817

Earnings available for fixed charges
60,629

 
134,210

 
109,040

 
86,128

 
73,266

Fixed charges:
 
 
 
 
 
 
 
 
 
    Interest expense
31,566

 
21,834

 
21,885

 
23,727

 
25,216

    Capitalized interest
206

 
86

 

 

 

    Interest portion of rental expense
1,517

 
1,332

 
1,191

 
1,024

 
822

    Discount and debt expense amortization
1,194

 
1,361

 
1,498

 
1,974

 
2,817

Total fixed charges
34,483

 
24,613

 
24,574

 
26,725

 
28,855

Ratio of earnings to fixed charges
1.8

 
5.5

 
4.4

 
3.2

 
2.5