Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - Andersons, Inc. | Financial_Report.xls |
| EX-31.1 - EX-31.1 - Andersons, Inc. | l42342exv31w1.htm |
| EX-31.3 - EX-31.3 - Andersons, Inc. | l42342exv31w3.htm |
| EX-32.1 - EX-32.1 - Andersons, Inc. | l42342exv32w1.htm |
| EX-31.2 - EX-31.2 - Andersons, Inc. | l42342exv31w2.htm |
| EX-10.47 - EX-10.47 - Andersons, Inc. | l42342exv10w47.htm |
| EX-10.46 - EX-10.46 - Andersons, Inc. | l42342exv10w46.htm |
| 10-Q - FORM 10-Q - Andersons, Inc. | l42342e10vq.htm |
Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
THE ANDERSONS, INC.
(Dollars in thousands)
THE ANDERSONS, INC.
(Dollars in thousands)
| Three months ended March 31 | ||||||||
| 2011 | 2010 | |||||||
Computation of earnings |
||||||||
Pretax income (a) |
$ | 19,948 | $ | 12,166 | ||||
Add: |
||||||||
Interest expense on indebtedness |
7,336 | 4,635 | ||||||
Amortization of debt issue costs |
296 | 543 | ||||||
Interest portion of rent expense(b) |
2,037 | 2,376 | ||||||
Distributed income of equity investees |
8,618 | 98 | ||||||
Earnings |
$ | 38,235 | $ | 19,818 | ||||
Computation of fixed charges |
||||||||
Interest expense on indebtedness |
$ | 7,336 | $ | 4,635 | ||||
Amortization of debt issue costs |
296 | 543 | ||||||
Interest portion of rent expense (b) |
2,037 | 2,376 | ||||||
Fixed charges |
$ | 9,669 | $ | 7,554 | ||||
Ratio of earnings to fixed charges |
3.95 | 2.62 | ||||||
| (a) | Pretax income as presented is income from continuing operations before adjustment for income or loss from equity investees. | |
| (b) | The portion of rent expense on operating leases included in the calculation of the fixed charges ratio above is a reasonable approximation of the interest factor on those agreements. |