EXHIBIT 12
PARK ELECTROCHEMICAL CORP. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS, EXCEPT RATIOS)
FISCAL YEAR ENDED NINE MONTHS ENDED
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MAR. 3, MAR. 1, FEB. 28, FEB. 27, FEB. 26, NOV. 26,
1991 1992 1993 1994 1995 1995
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Earnings before income
taxes and extraordinary
item................... $2,907 $1,923 $3,075 $12,845 $27,501 $27,207
Add:
Interest on
indebtedness.......... 2,866 2,758 2,203 2,595 552 91
Portion of rent
representative of
interest factor....... 472 488 585 714 742 567
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Earnings as adjusted.... $6,245 $5,169 $5,863 $16,154 $28,795 $27,865
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Fixed Charges:
Interest on
indebtedness.......... $3,116 $2,915 $2,626 $ 2,588 $ 431 $ --
Portion of rent
representative of
interest factor....... 472 488 585 714 742 567
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Total fixed charges..... $3,588 $3,403 $3,211 $ 3,302 $ 1,173 $ 567
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Ratio of earnings to
fixed charges (1)...... 1.74 1.52 1.83 4.89 24.55 49.14
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(1) For the purpose of calculating the ratio of earnings to fixed charges, (i)
earnings consist of consolidated earnings before income taxes plus fixed
charges and (ii) fixed charges consist of interest expense incurred and
the portion of rental expense under leases deemed by the Company to be
representative of the interest factor.