STANADYNE CORP - FORM 10-K - EX-12 - STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - March 30, 2012

Attached files

file filename
EX-4.7 - FOURTH AMENDMENT TO CREDIT AGREEMENT - STANADYNE CORPd272954dex47.htm
EX-31.1 - CERTIFICATION OF PRESIDENT OF STANADYNE HOLDINGS, INC. PURSUANT TO RULE 15D-14A - STANADYNE CORPd272954dex311.htm
EX-32.1 - CERTIFICATION OF PRESIDENT / CFO OF STANADYNE HOLDINGS PURSUANT TO RULE 15D-14A - STANADYNE CORPd272954dex321.htm
EX-32.2 - CERTIFICATION OF CEO AND CFO OF STANADYNE CORPORATION PURSUANT TO RULE 15D-14(B) - STANADYNE CORPd272954dex322.htm
EX-31.4 - CERTIFICATION OF CHIEF FINANCIAL OFFICER OF STANADYNE CORPORATION RULE 15D-14A - STANADYNE CORPd272954dex314.htm
EX-31.3 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER OF STANADYNE CORPORATION RULE 15D-14A - STANADYNE CORPd272954dex313.htm
10-K - FORM 10-K - STANADYNE CORPd272954d10k.htm
EX-21 - SUBSIDIARIES OF ATANADYNE HOLDINGS, INC. - STANADYNE CORPd272954dex21.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER OF STANADYNE HOLDINGS,INC. RULE 15D-14A - STANADYNE CORPd272954dex312.htm

EXHIBIT 12

STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

(dollars in thousands)

 

STANADYNE HOLDINGS, INC.

            
      Year Ended
December 31,
2011		     Year Ended
December 31,
2010		     Year Ended
December 31,
2009		     Year Ended
December 31,
2008		      Year Ended
December 31,
2007		  

(Loss) income before taxes, extraordinary item and cumulative effect of change in accounting

    $ (21,184 )    $ (9,948 )    $ (27,216 )    $ 5,396       $ 8,979   

Fixed charges deducted from earnings

      32,314        31,077        29,956        29,228         28,890   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Earnings available for payment of fixed charges

    $ 11,130      $ 21,129      $ 2,740      $ 34,624       $ 37,869   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Fixed charges:

            

Interest expense

    $ 30,220      $ 29,161      $ 20,935      $ 16,735       $ 17,151   

Amortization of deferred financing fees

      1,788        1,695        8,791        12,217         10,994   

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

      306        221        230        276         745   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Total fixed charges

    $ 32,314      $ 31,077      $ 29,956      $ 29,228       $ 28,890   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Ratio of earnings to fixed charges (1)

      —          —          —          1.2         1.3   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

 

STANADYNE CORPORATION

             
      Year Ended
December 31,
2011		     Year Ended
December 31,
2010		      Year Ended
December 31,
2009		     Year Ended
December 31,
2008		      Year Ended
December 31,
2007		  

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

    $ (8,816 )    $ 2,371       $ (15,404 )    $ 15,913       $ 18,320   

Fixed charges deducted from earnings

      20,054        18,816         18,204        18,773         19,594   
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Earnings available for payment of fixed charges

    $ 11,238      $ 21,187       $ 2,800      $ 34,686       $ 37,914   
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Fixed charges:

             

Interest expense

    $ 18,221      $ 17,161       $ 16,402      $ 16,740       $ 17,164   

Amortization of deferred financing fees

      1,527        1,434         1,572        1,757         1,685   

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

      306        221         230        276         745   
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Total fixed charges

    $ 20,054      $ 18,816       $ 18,204      $ 18,773       $ 19,594   
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Ratio of earnings to fixed charges (1)

      —          1.1         —          1.8         1.9   
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

 

(2) 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 $21,184, $9,948 and $27,216 during the years ended December 31, 2011, 2010 and 2009, respectively. The deficiency of earnings at Stanadyne Corporation was $8,816 and $15,404 during the years ended December 31, 2011 and 2009, respectively.

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