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S-3 Filing
Park-Ohio (PKOH) S-3Shelf registration
Filed: 7 Jun 16, 12:00am
Three months ended | Year ended December 31, | |||||||||||||||||
March 31, 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||
Earnings (loss) from continuing operations before income taxes | $4.2 | $70.0 | $71.8 | $60.3 | $54.5 | $27.9 | ||||||||||||
Less capitalized interest | – | – | – | – | – | – | ||||||||||||
Less earnings attributable to noncontrolling interest | – | (0.60) | (1.30) | (0.50) | – | – | ||||||||||||
Fixed charges | 9.2 | 34.4 | 32.2 | 31.7 | 31.2 | 37.3 | ||||||||||||
Earnings (loss) available for fixed charges | 13.4 | 103.8 | 102.7 | 91.5 | 85.7 | 65.2 | ||||||||||||
Fixed charges: | ||||||||||||||||||
Interest component of rent expense (1) | 2.1 | 6.5 | 6.1 | 5.8 | 5.2 | 5.4 | ||||||||||||
Interest expense | 7.1 | 27.9 | 26.1 | 25.9 | 26.0 | 31.9 | ||||||||||||
Interest capitalized | – | – | – | – | – | – | ||||||||||||
Amortization of deferred financing costs (2) | – | – | – | – | – | – | ||||||||||||
Total fixed charges | $9.2 | $34.4 | $32.2 | $31.7 | $31.2 | $37.3 | ||||||||||||
Ratio of earnings to fixed charges | 1.5 | 3.0 | 3.2 | 2.9 | 2.7 | 1.7 |
(1) | Interest component of rent expense is considered a reasonable approximation of the interest factor. |
(2) | Included in interest expense |