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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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Year 5 Months 7 Months YEAR ENDED
Ended Ended Ended ----------------------------
1994 5/26/95 12/30/95 1996 1997 1998
------ -------- -------- ------ ------ ------
Earnings:
Pre-tax income from continuing
operations 8,528 (3,602) 4,731 7,054 8,752 2,321
Add fixed charges:
Interest on indebtedness 1,623 650 2,880 4,399 4,963 7,900
Portion of rents representative
of the interest factor 204 92 113 203 213 275
------ ------ ----- ------ ------ ------
Income as adjusted 10,355 (2,860) 7,724 11,656 13,928 10,496
Fixed charges:
Interest on indebtedness 1,623 650 2,880 4,399 4,963 7,900
Capitalized interest
Portion of rents representative
of the interest factor 204 92 113 203 213 275
------ ------ ----- ------ ------ ------
Total Fixed Charges 1,827 742 2,993 4,602 5,176 8,175
Ratio of earning to fixed charges 5.7 2.6 2.5 2.7 1.3
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