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