JLG Industries (JLG) 10-Q 2006 Q3 Quarterly report

Exhibit 12

Calculation of Ratio of Earnings to Fixed Charges
(in thousands)

																Nine Months Ended
	Years Ended July 31,															May 1,			April 30,
	2001			2002			2003			2004			2005			2005			2006
Earnings
Income before cumulative effect of change in accounting principle	$	34,206		$	12,878		$	12,392		$	26,649		$	57,173		$	21,477		$	101,473
Income tax provision		20,091			6,343			2,635			15,232			35,915			14,199			65,162
Earnings		54,297			19,221			15,027			41,881			93,088			35,676			166,635
Fixed Charges
Interest expense		22,195			16,255			27,985			38,098			32,198			25,872			20,920
Portion of rental expense representative of interest factor		2,082			3,030			3,034			3,264			3,429			2,612			2,275
Fixed charges		24,277			19,285			31,019			41,362			35,627			28,484			23,195
Earnings before income tax provision and fixed charges	$	78,574		$	38,506		$	46,046		$	83,243		$	128,715		$	64,160		$	189,830
Ratio of earnings to fixed charges		3.2	x		2.0	x		1.5	x		2.0	x		3.6	x		2.3	x		8.2	x