Briggs & Stratton (BGG) 10-K2012 FY Annual report

Filed: 28 Aug 12, 12:00am

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Exhibit 12

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

2012 ANNUAL REPORT ON FORM 10-K

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands)




	Fiscal Year Ended
	July 1, 2012			July 3, 2011			June 27, 2010			June 28, 2009			June 29, 2008
Earnings

Income before income taxes	$	29,873		$	32,054		$	49,073		$	40,409		$	29,609
Less: Equity income from equity investees	(5,100		)	(5,082		)	(4,071		)	(1,527		)	(3,588		)
Add: Fixed Charges	21,317			25,942			29,520			34,010			41,337
Add: Distributed income of equity investees	4,029			6,980			4,005			5,212			2,800

Earnings as defined	$	50,119		$	59,894		$	78,527		$	78,104		$	70,158

Fixed Charges

Interest expense	$	18,542		$	23,014		$	25,573		$	30,521		$	37,554
Amortization of discounts related to indebtedness	—			304			896			626			569
Interest expense as reported	18,542			23,318			26,469			31,147			38,123

Amortization of debt issuance costs	1,209			934			1,250			1,331			1,414
Portion of rent expense relating to interest	1,566			1,690			1,801			1,532			1,800
Fixed charges as defined	$	21,317		$	25,942		$	29,520		$	34,010		$	41,337

Ratio of earnings to fixed charges	2.4x			2.3x			2.7x			2.3x			1.7x