EX-12 7 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

2009 Annual Report on Form 10-K

EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands)

 

     Fiscal Year Ended  
     June 28, 2009     June 29, 2008     Restated
July 1, 2007
    Restated
July 2, 2006
    Restated
July 3, 2005
 

Earnings

          

Income before income taxes

   $ 40,409      $ 29,609      $ 3,302      $ 158,514      $ 180,415   

Less: Equity income from equity investees

     (1,527     (3,588     (3,303     (4,174     (5,336

Add: Fixed charges

     34,010        41,337        46,592        45,248        39,232   

Distributed income of equity investees

     5,212        2,800        4,879        4,633        5,967   
                                        

Earnings as defined

   $ 78,104      $ 70,158      $ 51,470      $ 204,221      $ 214,178   
                                        

Fixed Charges

          

Interest expense

   $ 30,521      $ 37,554      $ 42,932      $ 40,085      $ 34,929   

Amortization of discounts related to indebtedness

     626        569        759        829        758   

Imputed interest on deferred revenue

     —          —          —          1,177        1,196   
                                        

Interest expense as reported

     31,147        38,123        43,691        42,091        36,883   

Amortization of deferred financing fees

     1,331        1,414        1,173        1,708        1,233   

Portion of rent expense relating to interest

     1,532        1,800        1,728        1,449        1,116   
                                        

Fixed charges as defined

   $ 34,010      $ 41,337      $ 46,592      $ 45,248      $ 39,232   
                                        

Ratio of earnings to fixed charges

     2.3     1.7     1.1     4.5     5.5