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Exhibit 12.1
Blount International, Inc.
Computation of Ratio of Earnings to Fixed Charges
| | For the Years Ended December 31 | For the Quarter Ended March 31 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | ||||||||||||||
| | (Dollar amounts in millions) | |||||||||||||||||||
| Earnings: | ||||||||||||||||||||
| Pre-Tax Income (Loss) from Continuing Operations | (63.0 | ) | (19.8 | ) | (58.9 | ) | (9.3 | ) | 11.2 | 9.9 | ||||||||||
| Fixed Charges | 45.3 | 100.2 | 96.4 | 72.7 | 70.3 | 17.5 | ||||||||||||||
| Total Earnings | (17.7 | ) | 80.4 | 37.5 | 63.4 | 81.5 | 27.4 | |||||||||||||
Fixed Charges: | ||||||||||||||||||||
| Interest Expense | 44.8 | 99.7 | 95.9 | 72.2 | 69.8 | 17.4 | ||||||||||||||
| Interest on Rentals | $ | 0.5 | $ | 0.5 | $ | 0.5 | $ | 0.5 | $ | 0.5 | $ | 0.1 | ||||||||
| Total Fixed Charges | $ | 45.3 | $ | 100.2 | $ | 96.4 | $ | 72.7 | $ | 70.3 | $ | 17.5 | ||||||||
Ratio of Earnings to Fixed Charges | — | — | — | — | 1.16 | 1.57 | ||||||||||||||
| Deficiency of Earnings to Fixed Charges | (63.0 | ) | (19.8 | ) | (58.9 | ) | (9.3 | ) | — | — | ||||||||||
Blount International, Inc. Computation of Ratio of Earnings to Fixed Charges