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Content analysis
?Positive | ||
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Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
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Exhibit 12
J.B. POINDEXTER AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)
|
| Year ended December 31, |
| ||||||||
|
| 2003 |
| 2004 |
| 2005 |
| 2006 |
| 2007 |
|
Earnings |
|
|
|
|
|
|
|
|
|
|
|
Pre-tax income from continuing operations |
| 12.0 |
| 14.5 |
| 7.7 |
| 11.6 |
| 2.3 |
|
Add: Fixed charges (see below) |
| 15.3 |
| 17.0 |
| 21.1 |
| 21.5 |
| 21.3 |
|
Add: Amortization of capitalized interest |
| — |
| — |
| — |
| — |
| — |
|
Less: Capitalized interest |
| — |
| — |
| — |
| — |
| (0.6 | ) |
|
| 27.3 |
| 31.5 |
| 28.8 |
| 33.1 |
| 23.0 |
|
Fixed charges |
|
|
|
|
|
|
|
|
|
|
|
Interest, either expensed or capitalized, and amortized capitalized expenses related to indebtedness |
| 12.4 |
| 14.4 |
| 18.5 |
| 18.9 |
| 18.7 |
|
An estimate of the interest within lease expense |
| 2.9 |
| 2.6 |
| 2.6 |
| 2.6 |
| 2.6 |
|
|
| 15.3 |
| 17.0 |
| 21.1 |
| 21.5 |
| 21.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Earnings to Fixed Charges (A/B) |
| 1.8 | x | 1.9 | x | 1.4 | x | 1.5 | x | 1.1 | x |