Exhibit 12.1
Park Ohio Industries Inc.
Computation of Ratio of Earnings to Fixed Charges
(In Thousands, Except Ratio Data)
Computation of Ratio of Earnings to Fixed Charges
(In Thousands, Except Ratio Data)
| Three months ended | ||||||||||||||||||||||||||||
| March 31, | Year ended December 31, | |||||||||||||||||||||||||||
| 2011 | 2010 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||||
| Earnings (loss) before Income Taxes | $ | 10,831 | $ | 3,427 | $ | 19,094 | $ | 3,189 | $ | (101,682 | ) | $ | 31,030 | $ | 28,753 | |||||||||||||
| Less Capitalized Interest | ||||||||||||||||||||||||||||
| Fixed Charges | 7,056 | 6,493 | 28,224 | 28,216 | 32,721 | 36,450 | 35,714 | |||||||||||||||||||||
| Earnings available for Fixed Charges | $ | 17,887 | $ | 9,920 | $ | 47,318 | $ | 31,405 | $ | (68,961 | ) | $ | 67,480 | $ | 64,467 | |||||||||||||
| Fixed Charges: | ||||||||||||||||||||||||||||
| Interest Component of Rent Expense | 1,174 | 1,038 | 4,356 | 4,271 | 4,800 | 4,899 | 4,447 | |||||||||||||||||||||
| Interest Expense | 5,882 | 5,455 | 23,868 | 23,945 | 27,921 | 31,551 | 31,267 | |||||||||||||||||||||
| Interest Capitalized | ||||||||||||||||||||||||||||
Amortization of Deferred Financing Costs(1) | ||||||||||||||||||||||||||||
| Total Fixed Charges | $ | 7,056 | $ | 6,493 | $ | 28,224 | $ | 28,216 | $ | 32,721 | $ | 36,450 | $ | 35,714 | ||||||||||||||
| Ratio of Earnings to Fixed Charges | 2.54 | 1.53 | 1.68 | 1.11 | (2) | 1.85 | 1.81 | |||||||||||||||||||||
| (1) | Included in Interest Expense | |
| (2) | Earnings were inadequate to cover fixed charges for the year ended December 31, 2008 and the coverage deficiency totaled $101,682. |