Attached files
| file | filename |
|---|---|
| 10-K - 10-K - Zep Inc. | a2222017z10-k.htm |
| EX-21 - EX-21 - Zep Inc. | a2222017zex-21.htm |
| EX-23 - EX-23 - Zep Inc. | a2222017zex-23.htm |
| EX-32.(A) - EX-32.(A) - Zep Inc. | a2222017zex-32_a.htm |
| EX-31.(A) - EX-31.(A) - Zep Inc. | a2222017zex-31_a.htm |
| EX-32.(B) - EX-32.(B) - Zep Inc. | a2222017zex-32_b.htm |
| EX-31.(B) - EX-31.(B) - Zep Inc. | a2222017zex-31_b.htm |
| EXCEL - IDEA: XBRL DOCUMENT - Zep Inc. | Financial_Report.xls |
| EX-24 - EX-24 - Zep Inc. | a2222017zex-24.htm |
Exhibit 12
Zep Inc.
Ratio of Earnings to Fixed Charges and of Earnings to Combined Fixed Charges and Preferred
Stock Dividends
(In thousands, except ratios)
|
|
|
Fiscal Year Ended August 31, |
| |||||||||||||
|
|
|
2014 |
|
2013 |
|
2012 |
|
2011 |
|
2010 |
| |||||
|
Income before income taxes |
|
$ |
14,098 |
|
$ |
23,087 |
|
$ |
33,836 |
|
$ |
26,695 |
|
$ |
21,711 |
|
|
Additions: |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Fixed charges |
|
13,260 |
|
10,564 |
|
7,087 |
|
7,398 |
|
3,108 |
| |||||
|
Total Earnings |
|
$ |
27,358 |
|
$ |
33,651 |
|
$ |
40,923 |
|
$ |
34,093 |
|
$ |
24,819 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Fixed charges |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Interest expense |
|
$ |
12,538 |
|
$ |
9,950 |
|
$ |
6,294 |
|
$ |
6,659 |
|
$ |
2,434 |
|
|
Preferred stock dividends |
|
— |
|
— |
|
— |
|
— |
|
— |
| |||||
|
Capitalized interest |
|
— |
|
— |
|
— |
|
— |
|
— |
| |||||
|
Estimate of interest portion of rental expenses |
|
722 |
|
614 |
|
793 |
|
739 |
|
674 |
| |||||
|
Total fixed charges |
|
$ |
13,260 |
|
$ |
10,564 |
|
$ |
7,087 |
|
$ |
7,398 |
|
$ |
3,108 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Ratio of earnings to fixed charges |
|
2.1 |
|
3.2 |
|
5.8 |
|
4.6 |
|
8.0 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Ratio of earnings to combined fixed charges and preferred stock dividends |
|
2.1 |
|
3.2 |
|
5.8 |
|
4.6 |
|
8.0 |
| |||||