C&D TECHNOLOGIES INC - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - May 2, 2011

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10-K - C&D TECHNOLOGIES INC--FORM 10-K - C&D TECHNOLOGIES INCd10k.htm
EX-21 - SUBSIDIARIES - C&D TECHNOLOGIES INCdex21.htm
EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - C&D TECHNOLOGIES INCdex23.htm
EX-10.6 - EMPLOYMENT AGREEMENT - C&D TECHNOLOGIES INCdex106.htm
EX-31.1 - CERTIFICATION OF PRESIDENT AND CEO - C&D TECHNOLOGIES INCdex311.htm
EX-10.1 - INDEMNIFICATION AGREEMENT - C&D TECHNOLOGIES INCdex101.htm
EX-10.3 - INDEMNIFICATION AGREEMENT - C&D TECHNOLOGIES INCdex103.htm
EX-31.2 - CERTIFICATION OF VICE PRESIDENT AND CFO - C&D TECHNOLOGIES INCdex312.htm
EX-10.7 - EMPLOYMENT AGREEMENT - C&D TECHNOLOGIES INCdex107.htm
EX-32.1 - CERTIFICATION OF PRESIDENT AND CEO AND VICE PRESIDENT AND CFO - C&D TECHNOLOGIES INCdex321.htm
EX-10.2 - INDEMNIFICATION AGREEMENT - C&D TECHNOLOGIES INCdex102.htm
EX-10.5 - INDEMNIFICATION AGREEMENT - C&D TECHNOLOGIES INCdex105.htm
EX-10.4 - INDEMNIFICATION AGREEMENT - C&D TECHNOLOGIES INCdex104.htm
EX-3.1 - CERTIFICATE OF AMENDMENT TO AMENDED AND RESTATED CERTIFICATE - C&D TECHNOLOGIES INCdex31.htm

EXHIBIT 12.1

C&D TECHNOLOGIES, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In thousands except ratio data)

 

     Year Ended January 31,  
      2011     2010     2009     2008     2007  

Earnings

           

Loss before income taxes, noncontrolling interest and discontinued operations

    $ (68,764 )    $ (23,557 )    $ (15,457 )    $ (770 )    $ (16,522 ) 

Interest expense and amortization of debt costs

      14,795        12,486        12,032        10,960        14,266   

Interest portion of rent*

      625        820        782        678        699   
                                        
   $ (53,344 )    $ (10,251 )    $ (2,644 )    $ 10,868      $ (1,557 ) 
                                        

Fixed Charges

           

Interest expense and amortization of debt costs

      14,795        12,486        12,032        10,960        14,266   

Interest portion of rent

      625        820        782        678        699   
                                        
   $ 15,420      $ 13,306      $ 12,814      $ 11,638      $ 14,965   
                                        

Ratio of earnings to fixed charges

      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 fiscal year 2011. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $68.8 million of earnings in fiscal 2011. 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.

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