Attached files
Exhibit 12.1
C&D TECHNOLOGIES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands except ratio data)
| Year Ended January 31, | Nine Months Ended October 31, |
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| 2010 | 2009 | 2008 | 2007 | 2006 | 2010 | |||||||||||||||||||
| Earnings |
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| Loss before income taxes, noncontrolling interest and discontinued operations |
$ | (23,557 | ) | $ | (15,457 | ) | $ | (770 | ) | $ | (16,522 | ) | $ | (2,660 | ) | $ | (75,842 | ) | ||||||
| Interest expense and amortization of debt costs |
12,486 | 12,032 | 10,960 | 14,266 | 10,235 | 11,897 | ||||||||||||||||||
| Goodwill impairment |
— | — | — | — | — | 59,978 | ||||||||||||||||||
| Interest portion of rent* |
820 | 782 | 678 | 699 | 621 | 457 | ||||||||||||||||||
| $ | (10,251 | ) | $ | (2,644 | ) | $ | 10,868 | $ | (1,557 | ) | $ | 8,196 | $ | (3,510 | ) | |||||||||
| Fixed Charges |
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| Interest expense and amortization of debt costs |
12,486 | 12,032 | 10,960 | 14,266 | 10,235 | 11,897 | ||||||||||||||||||
| Interest portion of rent |
820 | 782 | 678 | 699 | 621 | 457 | ||||||||||||||||||
| $ | 13,306 | $ | 12,814 | $ | 11,638 | $ | 14,965 | $ | 10,856 | $ | 12,354 | |||||||||||||
| Ratio of earnings to fixed charges |
x(1) | x(1) | x(1) | x(1) | x(1) | x(1) | ||||||||||||||||||
| * | The Company has determined the interest component of rent expense to be 0.30. |
| (1) | The ratio of earnings to fixed charges was less than 1:1 for the nine months ended October 31, 2010. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $75.3 million of earnings in the quarter. The ratio of earnings to fixed charges was less than 1:1 for fiscal year 2010. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $23.6 million of earnings in fiscal 2010. The ratio of earnings to fixed charges was less than l:1 for fiscal year 2009.The ratio of earnings to fixed charges was less than 1:1 for fiscal year 2010. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $23.6 million of earnings in fiscal 2010. The ratio of earnings to fixed charges was less than l:1 for fiscal year 2009. In order to achieve a ratio of earnings to fixed charges of 1:1 we would have had to generate an additional $15.5 million of earning in fiscal 2009. The ratio of fixed charges was less than 1:1 for fiscal year 2008. In order to achieve a ratio of earnings to fixed charges of 1:1 we would have had to generate an additional $0.8 million of earnings in fiscal year 2008. The ratio of fixed charges was less than 1:1 in fiscal year 2007. In order to achieve a ratio of earning to fixed charges of 1:1 we would have had to generate an additional $16.5 million of earnings in fiscal 2007. The ratio of fixed charges was less than 1:1 in fiscal 2007. The ratio of fixed charges was less than 1:1 in fiscal year 2006. In order to achieve a ratio of earnings to fixed charges of 1:1 we would have had to generate an additional $2.7 million of earnings in fiscal 2006. |