EX-12 8 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12

Biomet, Inc.

Computation of Ratio of Earnings to Fixed Charges

(In millions, except ratios)

 

     Successor           Predecessor
     Period from
July 12, 2007 through
May 31, 2008		           Period from
June 1, 2007 through
July 11, 2007		     Years Ended May 31,
                                 
            2007    2006    2005    2004    2003

Earnings:

                        

Earnings (loss) before income taxes

    $ (1,194.3 )        $ (81.9 )   $ 501.6    $ 611.0    $ 546.5    $ 500.7    $ 451.7

Add: Fixed charges (per below)

      603.1            0.3       9.3      11.7      9.2      4.2      4.4
                                                       

Total earnings (loss)

    $ (591.2 )        $ (81.6 )   $ 510.9    $ 622.7    $ 555.7    $ 504.9    $ 456.1

Fixed charges:

                        

Interest expense

    $ 516.3          $ 0.3     $ 9.3    $ 11.7    $ 9.2    $ 4.2    $ 4.4

Amortization of bond premium

      0.4            —         —        —        —        —        —  

Deferred financing costs

      86.4            —         —        —        —        —        —  
                                                       

Total fixed charges

    $ 603.1          $ 0.3     $ 9.3    $ 11.7    $ 9.2    $ 4.2    $ 4.4

Ratio of earnings to fixed charges

      N/A (1)          N/A (1)     54.9      53.2      60.4      120.2      103.7

 

(1) Earnings were inadequate to cover fixed charges for the period from June 1, 2007 through July 11, 2007, and the period from July 12, 2007 through May 31, 2008 by $81.9 million and $1,194.3 million, respectively.