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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
- 10-K Annual report
- 4.8 Instruments Defining the Rights of Security Holders, Including Indentures
- 4.9 Instruments Defining the Rights of Security Holders, Including Indentures
- 12 Statements Regarding Computation of Ratios
- 21 Subsidiaries of the Registrant
- 31.1 302 Certification
- 31.2 302 Certification
- 32.1 906 Certification
- 32.2 906 Certification
Exhibit 12
J.B. POINDEXTER AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except ratios)
|
| Year ended December 31, |
| |||||||||||
|
| 2001 |
| 2002 |
| 2003 |
| 2004 |
| 2005 |
| |||
Earnings |
|
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|
|
| |||
Pre-tax income from continuing operations before minority interest |
| 5.9 |
| (6.7 | ) | 12.0 |
| 14.5 |
| 7.7 |
| |||
Add: Fixed charges (see below) |
| 16.8 |
| 15.5 |
| 15.3 |
| 17.0 |
| 21.1 |
| |||
Add: Amortization of capitalized interest |
| — |
| — |
| — |
| — |
| — |
| |||
Less: capitalized interest |
| — |
| — |
| — |
| — |
|
|
| |||
|
| 22.7 |
| 8.8 |
| 27.3 |
| 31.5 |
| 28.8 |
| |||
Fixed charges |
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Interest, either expensed or capitalized, and amortized capitalized expenses related to indebtedness |
| 13.0 |
| 12.5 |
| 12.4 |
| 14.4 |
| 18.5 |
| |||
An estimate of the interest within lease expense |
| 3.8 |
| 3.0 |
| 2.9 |
| 2.6 |
| 2.6 |
| |||
|
| 16.8 |
| 15.5 |
| 15.3 |
| 17.0 |
| 21.1 |
| |||
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| |||
Ratio of Earnings to Fixed Charges (A/B) |
| 1.4 | x | — | (1) | 1.8 | x | 1.9 | x | 1.4 | x | |||
(1) Earnings were insufficient to cover fixed charges by $6.9 million for the year ended December 31, 2002.