STANADYNE CORP - FORM 10-K - EX-12 - STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - June 21, 2010

Attached files

file filename
10-K - FISCAL YEAR ENDED DECEMBER 31, 2009 - STANADYNE CORPd10k.htm
EX-21 - SUBSIDIARIES OF REGISTRANTS - STANADYNE CORPdex21.htm
EX-31.4 - CERTIFICATION OF CFO OF STANADYNE CORPORATION PURSUANT TO RULE 15D-14(A) - STANADYNE CORPdex314.htm
EX-31.3 - CERTIFICATION OF CEO OF STANADYNE CORPORATION PURSUANT TO RULE 15D-14(A) - STANADYNE CORPdex313.htm
EX-31.1 - CERTIFICATION OF PRESIDENT OF STANADYNE HOLDINGS,INC. PURSUANT TO RULE 15D-14(A) - STANADYNE CORPdex311.htm
EX-32.1 - CERT. OF PRESIDENT AND CFO OF STANADYNE HOLDINGS, INC. PURSUANT TO SECTION 906 - STANADYNE CORPdex321.htm
EX-31.2 - CERTIFICATION OF CFO OF STANADYNE HOLDINGS, INC. PURSUANT TO RULE 15D-14(A) - STANADYNE CORPdex312.htm
EX-32.2 - CERTIFICATION OF CEO AND CFO OF STANADYNE CORPORATION PURSUANT TO SECTION 906 - STANADYNE CORPdex322.htm

EXHIBIT 12

STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

(dollars in thousands)

 

           (Restated)
STANADYNE HOLDINGS, INC.             
     Year Ended
December 31,
2009		     Year Ended
December 31,
2008		    Year Ended
December 31,
2007		    Year Ended
December 31,
2006		     Year Ended
December  31,
2005
                     (Unaudited)     (Unaudited)

Income (loss) before taxes, extraordinary item and cumulative effect of change in accounting

    $ (27,216 )    $ 5,264    $ 8,586    $ (3,805 )    $ 3,772

Fixed charges deducted from earnings

      29,956        29,228      28,890      29,743        28,064
                                    

Earnings available for payment of fixed charges

    $ 2,740      $ 34,492    $ 37,476    $ 25,938      $ 31,836
                                    

Fixed charges:

             

Interest expense

    $ 20,935      $ 16,735    $ 17,151    $ 18,308      $ 18,379

Amortization of deferred financing fees

      8,791        12,217      10,994      10,745        8,986

Portion of rent deemed to be interest (Rent Expense 1/3)

      230        276      745      690        699
                                    

Total fixed charges

    $ 29,956      $ 29,228    $ 28,890    $ 29,743      $ 28,064
                                    

Ratio of earnings to fixed charges (1)

      —          1.2      1.3      —          1.1
                                    

 

           (Restated)
STANADYNE CORPORATION              
     Year Ended
December 31,
2009		     Year Ended
December 31,
2008		    Year Ended
December 31,
2007		    Year Ended
December 31,
2006		    Year Ended
December 31,
2005
                     (Unaudited)    (Unaudited)

Income (loss) before taxes, extraordinary item and cumulative effect of change in accounting

    $ (15,404 )    $ 15,781    $ 17,927    $ 4,570    $ 11,224

Fixed charges deducted from earnings

      18,204        18,773      19,594      21,471      20,676
                                   

Earnings available for payment of fixed charges

    $ 2,800      $ 34,554    $ 37,521    $ 26,041    $ 31,900
                                   

Fixed charges:

              

Interest expense

    $ 16,401      $ 16,740    $ 17,164    $ 18,321    $ 18,379

Amortization of deferred financing fees

      1,572        1,757      1,685      2,460      1,598

Portion of rent deemed to be interest (Rent Expense 1/3)

      231        276      745      690      699
                                   

Total fixed charges

    $ 18,204      $ 18,773    $ 19,594    $ 21,471    $ 20,676
                                   

Ratio of earnings to fixed charges (1)

      —          1.8      1.9      1.2      1.5
                                   

 

(1) The ratio of earnings to fixed charges is not presented for years that the ratio is less than 1.0. The deficiency of earnings at Stanadyne Holdings, Inc. was $27,216 and $3,805 during the year ended December 31, 2009 and 2006, respectively. The deficiency of earnings at Stanadyne Corporation was $15,404 during the year ended December 31, 2009.

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