EX-12.01 4 d77847exv12w01.htm EX-12.01 exv12w01
Exhibit 12.01
Woodward Governor Company
Statement of Computation of Ratio of Earnings to Fixed Charges
(in 000’s except ratio amounts)
                                         
    Year Ended September 30,  
    2010     2009     2008     2007     2006  
    (Unaudited)  
Earnings before income taxes
   $ 154,875     $ 122,476     $ 182,585     $ 132,680     $ 84,893  
Plus: Fixed charges
     30,726       34,776       4,647       5,273       5,698  
Less: Capitalized interest
     (150 )     (31 )     —       —       —  
 
                              
Earnings available to cover fixed charges
   $ 185,451     $ 157,221     $ 187,232     $ 137,953     $ 90,591  
 
                              
Ratio of earnings to fixed charges
     6.0       4.5       40.3       26.2       15.9  
 
                              
Fixed charges: Interest expensed
   $ 27,716     $ 31,544     $ 3,716     $ 4,452     $ 5,016  
Capitalized interest
     150       31       —       —       —  
Interest portion of rent expense *
     1,191       1,116       813       746       609  
Amortized premiums, discounts, and capitalized expenses
     1,669       2,085       118       75       73  
 
                              
Total fixed charges
   $ 30,726     $ 34,776     $ 4,647     $ 5,273     $ 5,698  
 
                              
 
*   Portion of total rent expense deemed to be representative of the interest factor.