EX-12 2 a05-16890_1ex12.htm EX-12

EXHIBIT 12

 

PENHALL INTERNATIONAL CORP. AND SUBSIDIARIES

RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

FISCAL YEAR ENDED JUNE 30,

 

 

 

2001

 

2002

 

2003

 

2004

 

2005

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before income taxes

 

$

9,159

 

$

(2,473

) 

$

(9,361

)

$

(7,985

)

$

(5,067

)

Fixed charges - interest expense (1)

 

15,624

 

14,747

 

14,839

 

14,645

 

19,568

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

24,783

 

$

12,274

 

$

5,478

 

$

6,660

 

$

14,501

 

Ratio of earnings to fixed charges

 

1.6 to 1

 

.8 to 1

 

.4 to 1

 

.5 to 1

 

.7 to 1

 

 

 

 

 

 

 

 

 

 

 

 

 

Coverage deficiency

 

$

—

 

$

2,473

 

$

9,361

 

$

7,985

 

$

5,067

 

 

(1)  Fixed charges - interest expense includes a component for interest computed on rent expense that approximates 30% of the total rent expense for each period presented.