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S-3 Filing
Columbus McKinnon (CMCO) S-3Shelf registration
Filed: 12 Jul 13, 12:00am
Fiscal year ended March 31, | ||||||||||||||||||||
2009 | 2010 | 2011 | 2012 | 2013 | ||||||||||||||||
(in millions) | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||
(Loss) Income before income taxes | $ | (58.1 | ) | $ | (12.8 | ) | $ | 5.1 | $ | 32.8 | $ | 42.6 | ||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense from continuing operations | 12.7 | 12.6 | 13.2 | 13.5 | 13.2 | |||||||||||||||
Interest expense from discontinued operations | 0.2 | - | - | - | - | |||||||||||||||
Amortization of deferred financing and bond discount | 0.5 | 0.6 | 0.3 | 0.7 | 0.6 | |||||||||||||||
Interest portion of rental expense | 1.9 | 1.8 | 1.7 | 1.5 | 1.3 | |||||||||||||||
Total Earnings | $ | (42.8 | ) | $ | 2.2 | $ | 20.3 | $ | 48.5 | $ | 57.7 | |||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense from continuing operations | $ | 12.7 | $ | 12.6 | $ | 13.2 | $ | 13.5 | $ | 13.2 | ||||||||||
Interest expense from discontinued operations | 0.2 | - | - | - | - | |||||||||||||||
Amortization of deferred financing and bond discount | 0.5 | 0.6 | 0.3 | 0.7 | 0.6 | |||||||||||||||
Interest portion of rental expense | 1.9 | 1.8 | 1.7 | 1.5 | 1.3 | |||||||||||||||
Total Fixed charges | $ | 15.3 | $ | 15.0 | $ | 15.2 | $ | 15.7 | $ | 15.1 | ||||||||||
Ratio of earnings to fixed charges | (a) | (a) | 1.3 | 3.1 | 3.8 |
(a) | For the years ended March 31, 2009 and 2010 earnings were inadequate to cover fixed charges by approximately $58.1 million and $12.8 million, respectively. |