Attached files
file | filename |
---|---|
EX-32 - EXHIBIT 32 - POTLATCHDELTIC CORP | pch10k2015ex32.htm |
EX-31 - EXHIBIT 31 - POTLATCHDELTIC CORP | pch10k2015ex31.htm |
EX-10.R - EXHIBIT 10.R - POTLATCHDELTIC CORP | pch10k2015ex10r.htm |
EX-23 - EXHIBIT 23 - POTLATCHDELTIC CORP | pch10k2015ex23-kpmgconsent.htm |
EX-24 - EXHIBIT 24 - POTLATCHDELTIC CORP | pch10k2015ex24-powersofatt.htm |
EX-21 - EXHIBIT 21 - POTLATCHDELTIC CORP | pch10k2015ex21-subsidiaries.htm |
10-K - 10-K - POTLATCHDELTIC CORP | pch10k2015.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 |