EX-12 5 ex120906.htm EXHIBIT 12 Exhibit 12

Exhibit 12

LSI Industries Inc.
Ratio of Earnings to Fixed Charges — SEC Method

FY 2006
 FY 2005
 FY 2004
 FY 2003
 FY 2002
Earnings                        
          Pre-tax earnings    21,987    22,873    13,797    11,247    22,860  
          Fixed charges    941    1,125    1,005    1,111    1,394  
          Amortization of capitalized interest    2    2    2    2    0  
          Interest capitalized    0    0    0    0   (92 )
     22,930    24,000    14,804    12,360    24,162  
Fixed Charges  
          Interest costs    78    217    240    359    553  
          Amortization of debt issuance costs    0    0    20    19    22  
          Interest capitalized    0    0    0    0    92  
          Interest component of rental expense    863    908    745    733    727  
     941    1,125    1,005    1,111    1,394  
 
Ratio    24.37    21.33    14.73    11.13    17.33  


Note (1):   Loss of $18,541 related to cumulative effect of accounting change, net of tax, for goodwill impairment was not considered in FY 2003 (first quarter).