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EXHIBIT 12.1
SIMONDS INDUSTRIES INC. AND CONSOLIDATED SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amount in thousands, except ratios)
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Predecessor Company
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Six Months
Year Ended 5 Months 7 Months Year Ended Ended
---------------- Ended Ended ----------------- -----------------
1993 1994 5/26/95 12/30/95 1996 1997 6/28/97 6/27/98
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Earnings:
Pre-tax income from continuing
operations 5,625 8,528 (3,602) 4,731 7,054 8,752 4,619 5,755
Add fixed charges:
Interest on indebtedness 1,978 1,623 650 2,880 4,399 4,963 2,394 2,477
Portion of rents representative
of the interest factor 224 204 92 113 203 213 107 131
----- ------ ------ ----- ------ ------ ----- -----
Income as adjusted 7,827 10,355 (2,860) 7,724 11,656 13,928 7,120 8,363
Fixed charges:
Interest on indebtedness 1,978 1,623 650 2,880 4,399 4,963 2,394 2,477
Capitalized interest
Portion of rents representative
of the interest factor 224 204 92 113 203 213 107 131
----- ------ ------ ----- ------ ------ ----- -----
Total Fixed Charges 2,202 1,827 742 2,993 4,602 5,176 2,501 2,608
Ratio of earnings to fixed charges 3.6 5.7 2.6 2.5 2.7 2.8 3.2
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