EX-12.1 2 ex12-1_10622.txt STATEMENT RE: COMPUTATION OF EARNINGS EXHIBIT 12.1 SIMONDS INDUSTRIES INC. AND CONSOLIDATED SUBSIDIARIES STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Amount in thousands, except ratios)
-------------------------------------------------------------- Company -------------------------------------------------------------- Year Ended -------------------------------------------------------------- 1996 1997 1998 1999 2000 ---------- ----------- ----------- ----------- ----------- Earnings: Pre-tax income from continuing Operations 7,054 8,752 2,321 2,652 (462) Add fixed charges: Interest on indebtedness 4,399 4,963 7,900 10,948 10,834 Portion of rents representative of the interest factor 203 213 275 305 358 ---------- ----------- ----------- ----------- ----------- Income as adjusted 11,656 13,928 10,496 13,905 10,730 Fixed charges: Interest on indebtedness 4,399 4,963 7,900 10,948 10,834 Capitalized interest Portion of rents representative of the interest factor 203 213 275 305 358 ---------- ----------- ----------- ----------- ----------- Total Fixed Charges 4,602 5,176 8,175 11,253 11,192 Ratio of earnings to fixed charges 2.5 2.7 1.3 1.2 1.0 ========== =========== =========== =========== ===========