EX-12 4 dex12.txt STATEMENT REGARDING COMPUTATION OF EARNINGS TO FIXED CHARGES LSI Industries Inc. Exhibit 12 Ratio of Earnings to Fixed Charges -- SEC Method Three Months Three Months Year Ended Year Ended Year Ended Year Ended Year Ended Ended Ended June 30, June 30, June 30, June 30, June 30, September 30, September 30, 1999 2000 2001 2002 2003 2002 2003 ---- ---- ---- ---- ---- ---- ---- Earnings Pre-tax earnings 27,386 29,409 17,317 22,860 11,247 2,636 4,129 Fixed charges 631 676 1,194 1,394 1,111 301 268 Amortization of capitalized interest 0 0 0 0 0 0 0 Interest capitalized 0 0 0 92 0 0 0 -------------------------------------------------------------------------------------- 28,017 30,085 18,511 24,346 12,358 2,937 4,397 -------------------------------------------------------------------------------------- Fixed Charges Interest costs 210 169 590 553 359 112 80 Amortization of debt issuance costs 14 20 17 22 19 5 4 Interest capitalized 0 0 0 92 0 0 0 Interest component of rental expense 407 487 587 727 733 184 184 -------------------------------------------------------------------------------------- 631 676 1,194 1,394 1,111 301 268 -------------------------------------------------------------------------------------- Ratio 44.40 44.50 15.50 17.46 11.12 9.76 16.41 --------------------------------------------------------------------------------------
Note(1): Loss from discontinued operations of $1,000 in FY 2000 and $723 in FY 2001 were not considered. Note(2): 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).