EXHIBIT 12
PENHALL INTERNATIONAL CORP. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
FISCAL YEAR ENDED JUNE 30, | ||||||||||||||||||||
1999 | 2000 | 2001 | 2002 | 2003 | ||||||||||||||||
Earnings before income taxes | $ | (7,337 | ) | $ | 10,326 | $ | 9,159 | $ | (2,473 | ) | $ | (9,361 | ) | |||||||
Fixed charges — interest expense (1) | 14,580 | 15,920 | 15,624 | 14,747 | 14,839 | |||||||||||||||
$ | 7,243 | $ | 26,246 | $ | 24,783 | $ | 12,274 | $ | 5,478 | |||||||||||
Ratio of earnings to fixed charges | — | 1.6 to 1 | 1.6 to 1 | — | — | |||||||||||||||
Coverage deficiency | $ | 7,337 | $ | — | $ | — | $ | 2,473 | $ | 9,361 | ||||||||||
(1) Fixed charges — interest expense includes a component for interest computed on rent expense that approximates 30% of the total rent expense for each period presented.