BRIGGS & STRATTON CORP - FORM 10-K - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - September 1, 2011

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10-K - FORM 10-K - BRIGGS & STRATTON CORPd10k.htm
EX-21 - SUBSIDIARIES OF THE REGISTRANT - BRIGGS & STRATTON CORPdex21.htm
EX-32.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO SECTION 906 - BRIGGS & STRATTON CORPdex322.htm
EX-31.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO SECTION 302 - BRIGGS & STRATTON CORPdex312.htm
EX-31.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO SECTION 302 - BRIGGS & STRATTON CORPdex311.htm
EX-23.1 - CONSENT OF PRICEWATERHOUSECOOPERS LLP - BRIGGS & STRATTON CORPdex231.htm
EX-10.2 - AMENDED AND RESTATED ECONOMIC VALUE ADDED INCENTIVE COMPENSATION PLAN - BRIGGS & STRATTON CORPdex102.htm
EX-10.11 - AMENDED AND RESTATED DEFERRED COMPENSATION PLAN FOR DIRECTORS - BRIGGS & STRATTON CORPdex1011.htm
EX-10.13 - SUMMARY OF DIRECTOR COMPENSATION - BRIGGS & STRATTON CORPdex1013.htm
EX-10.4.(B) - AMENDMENT TO TRUST AGREEMENT WITH AN INDEPENDENT TRUSTEE TO PROVIDE PAYMENTS - BRIGGS & STRATTON CORPdex104b.htm
EX-32.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO SECTION 906 - BRIGGS & STRATTON CORPdex321.htm

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

2011 Annual Report on Form 10-K

EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands)

 

     Fiscal Year Ended  
      July 3, 2011       June 27, 2010       June 28, 2009       June 29, 2008       Restated
July 1, 2007  		  

Earnings

           

Income before income taxes

      $ 32,054        $ 49,073        $ 40,409        $ 29,609        $ 3,302   

Less:   Equity income from equity investees

      (5,082 )      (4,071 )      (1,527 )      (3,588 )      (3,303 ) 

Add:    Fixed charges

      25,942        29,520        34,010        41,337        46,592   

   Distributed income of equity investees

      6,980        4,005        5,212        2,800        4,879   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings as defined

      $ 59,894        $ 78,527        $ 78,104        $ 70,158        $ 51,470   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed Charges

           

Interest expense

      $ 23,014        $ 25,573        $ 30,521        $ 37,554        $ 42,932   

Amortization of discounts related to indebtedness

      304        896        626        569        759   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Interest expense as reported

      23,318        26,469        31,147        38,123        43,691   

Amortization of deferred financing fees

      934        1,250        1,331        1,414        1,173   

Portion of rent expense relating to interest

      1,690        1,801        1,532        1,800        1,728   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed charges as defined

      $ 25,942        $ 29,520        $ 34,010        $ 41,337        $ 46,592   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges

      2.3 x      2.7 x      2.3 x      1.7 x      1.1 x 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

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