Exhibit 12.1
RBS Global, Inc. and Subsidiaries
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions)
Predeccessor | Successor | Fiscal Year March 31, 2008 | Fiscal Year March 31, 2009 | Fiscal Year ended March 31, 2010 | Pro Forma As Adjusted Fiscal Year ended March 31, 2010 | ||||||||||||||||||||||
Fiscal Year March 31, 2006 | Period from April 1, 2006 through July 21, 2006 | Period from July 22, 2006 through March 31, 2007 | |||||||||||||||||||||||||
Earnings available for fixed charges: | |||||||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 39.2 | $ | (55.7 | ) | $ | 13.8 | $ | 61.9 | $ | (386.3 | ) | $ | (43.6 | ) | $ | (137.3 | ) | |||||||||
Distributed income of equity investees | — | — | — | 1.7 | — | 0.4 | 0.4 | ||||||||||||||||||||
Fixed charges | 64.0 | 21.7 | 107.3 | 196.0 | 183.3 | 188.5 | 180.9 | ||||||||||||||||||||
Total earnings available for fixed charges | $ | 103.2 | $ | (34.0 | ) | $ | 121.1 | $ | 259.6 | $ | (203.0 | ) | $ | 145.3 | $ | 44.0 | |||||||||||
Fixed charges: | |||||||||||||||||||||||||||
Interest expensed and capitalized (1) | $ | 61.5 | $ | 21.0 | $ | 105.0 | $ | 191.8 | $ | 178.4 | $ | 183.7 | $ | 176.1 | |||||||||||||
Interest (representative of rental expense) (2) | 2.5 | 0.7 | 2.3 | 4.2 | 4.9 | 4.8 | 4.8 | ||||||||||||||||||||
Total fixed charges | $ | 64.0 | $ | 21.7 | $ | 107.3 | $ | 196.0 | $ | 183.3 | $ | 188.5 | $ | 180.9 | |||||||||||||
Ratio of earnings to fixed charges | 1.6 | See note | (3) | 1.1 | 1.3 | See note | (4) | See note | (5) | See note | (6) | ||||||||||||||||
(1) | Fixed charges including amortized premiums, discounts and capitalized expenses related to indebtedness. |
(2) | An estimate of the interest within rental expense (total rent expense) 33%. |
(3) | No ratio is presented for the period from April 1, 2006 through July 21, 2006 as the earnings for that period were insufficient to cover fixed charges by $55.7 million. |
(4) | No ratio is presented for the fiscal year ended March 31, 2009 as the earnings for that period were insufficient to cover fixed charges by $386.3 million. |
(5) | No ratio is presented for the fiscal year ended March 31, 2010 as the earnings for that period were insufficient to cover fixed charges by $43.2 million. |
(6) | No ratio is presented for the fiscal year ended March 31, 2010 (pro forma post-transaction) as the earnings for that period were insufficient to cover fixed charges by $136.9 million. |