EX-12.1 5 dex121.htm STATEMENTS REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statements Regarding Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

2010 Annual Report on Form 10-K

EXHIBIT 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands)

 

     Fiscal Year Ended  
     June 27, 2010     June 28, 2009     June 29, 2008     Restated
July 1, 2007
    Restated
July 2, 2006
 

Earnings

          

Income before income taxes

   $ 49,073      $ 40,409      $ 29,609      $ 3,302      $ 158,514   

Less: Equity income from equity investees

     (4,071     (1,527     (3,588     (3,303     (4,174

Add: Fixed charges

     29,520        34,010        41,337        46,592        45,248   

Distributed income of equity investees

     4,005        5,212        2,800        4,879        4,633   
                                        

Earnings as defined

   $ 78,527      $ 78,104      $ 70,158      $ 51,470      $ 204,221   
                                        

Fixed Charges

          

Interest expense

   $ 25,573      $ 30,521      $ 37,554      $ 42,932      $ 40,085   

Amortization of discounts related to indebtedness

     896        626        569        759        829   

Imputed interest on deferred revenue

     —          —          —          —          1,177   
                                        

Interest expense as reported

     26,469        31,147        38,123        43,691        42,091   

Amortization of deferred financing fees

     1,250        1,331        1,414        1,173        1,708   

Portion of rent expense relating to interest

     1,801        1,532        1,800        1,728        1,449   
                                        

Fixed charges as defined

   $ 29,520      $ 34,010      $ 41,337      $ 46,592      $ 45,248   
                                        

Ratio of earnings to fixed charges

     2.7     2.3     1.7     1.1     4.5