Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - OMNOVA SOLUTIONS INC | Financial_Report.xls |
| 10-Q - 10-Q - OMNOVA SOLUTIONS INC | d320853d10q.htm |
| EX-31.2 - EX-31.2 - OMNOVA SOLUTIONS INC | d320853dex312.htm |
| EX-32.1 - EX-32.1 - OMNOVA SOLUTIONS INC | d320853dex321.htm |
| EX-31.1 - EX-31.1 - OMNOVA SOLUTIONS INC | d320853dex311.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratios)
| Three Months Ended | ||||||||||||||||||||||||
| February 29, | Year Ended November 30, | |||||||||||||||||||||||
| 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
| Pre-tax income (loss) from continuing operations |
$ | 14.2 | $ | 30.1 | $ | 33.3 | $ | 28.4 | $ | (2.8 | ) | $ | (10.5 | ) | ||||||||||
| Adjustment for (income) loss from equity investees |
— | — | — | — | (.2 | ) | (1.2 | ) | ||||||||||||||||
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| Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees |
$ | 14.2 | $ | 30.1 | $ | 33.3 | $ | 28.4 | $ | (3.0 | ) | $ | (11.7 | ) | ||||||||||
| Distributed income equity investees |
— | — | — | — | — | — | ||||||||||||||||||
| Less: Capitalized interest |
— | — | — | — | — | — | ||||||||||||||||||
| Amortization of interest previously capitalized |
— | — | — | — | — | — | ||||||||||||||||||
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| Adjusted pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or income or loss from equity investees |
$ | 14.2 | $ | 30.1 | $ | 33.3 | $ | 28.4 | $ | (3.0 | ) | $ | (11.7 | ) | ||||||||||
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| Fixed Charges: |
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| Interest expense |
$ | 8.8 | $ | 37.3 | $ | 8.0 | $ | 7.5 | $ | 12.3 | $ | 15.7 | ||||||||||||
| Interest capitalized during the period |
— | — | — | — | — | — | ||||||||||||||||||
| Amortization of debt issuance costs |
.7 | .7 | .7 | .6 | .7 | .8 | ||||||||||||||||||
| Imputed interest portion of rent expense |
.3 | 1.4 | 1.3 | 1.3 | 1.6 | 1.5 | ||||||||||||||||||
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| Total Fixed Charges |
$ | 9.8 | $ | 39.4 | $ | 10.0 | $ | 9.4 | $ | 14.6 | $ | 18.0 | ||||||||||||
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| Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees plus fixed charges |
$ | 24.0 | $ | 69.5 | $ | 43.3 | $ | 37.8 | $ | 11.6 | $ | 6.3 | ||||||||||||
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| Ratio of Earnings to Fixed Charges (a) |
2.4 | 1.8 | 4.3 | 4.0 | .8 | .4 | ||||||||||||||||||
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| (a) | For fiscal years 2007 and 2008, the ratio was less than 1.0x and was deficient by $11.7 million and $3.0 million, respectively. |