EX-12 2 exhibit12.txt EXHIBIT 12 C&D TECHNOLOGIES, INC. COMPUTATION OF RATIO OF EARNINGS (DEFICIENCY) TO FIXED CHARGES (Dollars in Thousands)
Fiscal year ended January 31, 2002 2003 2004 2005 2006 ------------------------------------------------------------ Earnings (Deficiency) $ 68,794 $ 34,575 $ 26,928 $(73,511) $(35,001) ------------------------------------------------------------ Total fixed charges $ 9,314 $ 5,664 $ 2,997 $ 7,187 $ 13,020 ------------------------------------------------------------ Ratio of earnings (deficiency) to fixed charges 7.39 6.10 8.98 -- -- Deficiency of earnings to cover fixed charges -- -- -- $ 80,698 $ 48,021 ============================================================ Computation of Earnings (Deficiency): Income/(loss) before income taxes and minority interest $ 59,635 $ 28,797 $ 23,769 $(80,787) $(48,217) Adjustments to earnings: Fixed charges (as computed below) 9,314 5,664 2,997 7,187 13,020 Interest capitalized (404) (135) (81) (152) (32) Amortization of capitalized interest 249 249 243 241 228 ------------------------------------------------------------ Earnings as adjusted $ 68,794 $ 34,575 $ 26,928 $(73,511) $(35,001) ------------------------------------------------------------ Computation of Fixed Charges: Interest expense $ 7,411 $ 4,228 $ 1,683 $ 5,383 $ 10,909 Capitalized interest 404 135 81 152 32 Portion of rental expense which is representative of interest 1,499 1,301 1,233 1,652 2,079 ------------------------------------------------------------ Total fixed charges $ 9,314 $ 5,664 $ 2,997 $ 7,187 $ 13,020 ------------------------------------------------------------