EXHIBIT 12.1
CRANE CO.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in $000s) | ||||||||
3 Months Ended | Year ended | |||||||
Earnings | March 31, 2013 | December 31, 2012 | December 31, 2011 | December 31, 2010 | December 31, 2009 | December 31, 2008 | ||
Pretax income from continuing operations | 80,694 | 284,605 | 14,761 | 209,067 | 186,506 | 181,551 | ||
Plus: Fixed Charges | 8,943 | 35,731 | 35,288 | 35,041 | 35,739 | 35,266 | ||
Less: Minority Interest | 151 | 828 | 201 | 20 | 224 | (205) | ||
Total Earnings Available for Fixed Charges | 89,486 | 319,508 | 49,848 | 244,088 | 222,01 | 217,022 | ||
Fixed Charges | ||||||||
Interest Expense (1) | 6,718 | 26,831 | 26,255 | 26,841 | 27,139 | 25,799 | ||
Portion of rents representing interest factor (2) | 2,225 | 8,900 | 9,033 | 8,200 | 8,600 | 9,467 | ||
Total Fixed Charges | 8,943 | 35,731 | 35,288 | 35,041 | 35,739 | 35,266 | ||
Ratio of Earnings to Fixed Charges | 10.01x | 8.94x | 1.41x | 6.97x | 6.21x | 6.15x |
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(1) Interest expense includes original issue discount and deferred financing amortization.
(2) Approximately one-third of rental expense is deemed representative of the interest factor.