Attached files
| file | filename |
|---|---|
| EX-31.2 - EX-31.2 - Neenah Inc | a2227338zex-31_2.htm |
| EX-24 - EX-24 - Neenah Inc | a2227338zex-24.htm |
| EX-21 - EX-21 - Neenah Inc | a2227338zex-21.htm |
| EX-23 - EX-23 - Neenah Inc | a2227338zex-23.htm |
| EX-31.1 - EX-31.1 - Neenah Inc | a2227338zex-31_1.htm |
| EX-32.1 - EX-32.1 - Neenah Inc | a2227338zex-32_1.htm |
| 10-K - 10-K - Neenah Inc | a2227338z10-k.htm |
| EX-32.2 - EX-32.2 - Neenah Inc | a2227338zex-32_2.htm |
Exhibit 12
NEENAH PAPER, INC. AND SUBSIDIARIES
STATEMENT REGARDING THE COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio of earnings to fixed charges)
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Year Ended December 31, |
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2015 |
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2014 |
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2013 |
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2012 |
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2011 |
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Income from continuing operations before taxes |
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$ |
89.9 |
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$ |
75.5 |
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$ |
71.6 |
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$ |
53.5 |
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$ |
39.7 |
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Plus fixed charges |
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13.5 |
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12.9 |
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12.6 |
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14.8 |
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16.6 |
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Numerator |
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$ |
103.4 |
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$ |
88.4 |
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$ |
84.2 |
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$ |
68.3 |
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$ |
56.3 |
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Interest expense (including amortization of debt issuance costs) |
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$ |
11.7 |
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$ |
11.4 |
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$ |
11.2 |
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$ |
13.5 |
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$ |
15.6 |
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Interest portion of rent expense (a) |
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1.8 |
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1.5 |
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1.4 |
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1.3 |
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1.0 |
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Fixed charges |
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$ |
13.5 |
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$ |
12.9 |
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$ |
12.6 |
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$ |
14.8 |
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$ |
16.6 |
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Ratio of earnings to fixed charges |
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7.7x |
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6.9x |
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6.7x |
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4.6x |
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3.4x |
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(a) Represents one-third of rent expense which is deemed to be the financing portion of the lease agreements.