Exhibit 12
Colfax Corporation
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands, except ratios)
Year Ended December 31, | ||||||||||||||||||||
2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Income before income taxes | $ | 19,987 | $ | 27,688 | $ | 32,418 | $ | 5,996 | $ | 105,103 | ||||||||||
Plus: fixed charges | 7,542 | 8,214 | 8,811 | 13,517 | 20,779 | |||||||||||||||
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Earnings available to cover fixed charges | $ | 27,529 | $ | 35,902 | $ | 41,229 | $ | 19,513 | $ | 125,882 | ||||||||||
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Fixed Charges: | ||||||||||||||||||||
Interest expense, including amortization of deferred financing costs | $ | 5,919 | $ | 6,684 | $ | 7,212 | $ | 11,822 | $ | 19,246 | ||||||||||
Interest portion of rental payment | 1,623 | 1,530 | 1,599 | 1,695 | 1,533 | |||||||||||||||
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Total fixed charges | 7,542 | 8,214 | 8,811 | 13,517 | 20,779 | |||||||||||||||
Dividends on preferred stock | — | — | — | 3,492 | 25,816 | |||||||||||||||
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Total fixed charges and dividends on preferred stock | $ | 7,542 | $ | 8,214 | $ | 8,811 | $ | 17,009 | $ | 46,595 | ||||||||||
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Ratio of earnings to fixed charges | 3.65 | 4.37 | 4.68 | 1.44 | 6.06 | |||||||||||||||
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Ratio of earnings to fixed charges and dividends on preferred stock | 3.65 | 4.37 | 4.68 | 1.15 | 2.70 | |||||||||||||||
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