1
Exhibit 12
Continental Global Group, Inc.
Computation of Ratio of Earnings to Fixed Charges
(In thousands, except for ratios)
Years ended December 31
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1999 1998 1997 1996 1995
Computation of Earnings:
Income (loss) before extraordinary
item and foreign income taxes $ (8,728) $ 1,302 $ 8,181 $ 8,940 $11,785
Add:
Interest expense 15,225(1) 14,658(1) 12,308(2) 2,889 2,506
Amortization of deferred
financing costs -- -- -- 27 16
Portion of rent expense
representative of
an interest factor 815 800 523 407 455
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Earnings $ 7,312 $16,760 $21,012 $12,263 $14,762
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Computation of Fixed Charges:
Interest expense $ 15,225 $14,658 $12,308 $ 2,889 $ 2,506
Amortization of deferred
financing costs -- -- -- 27 16
Portion of rent expense
representative of an
interest factor 815 800 523 407 455
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Fixed Charges $ 16,040 $15,458 $12,831 $ 3,323 $ 2,977
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Ratio of Earnings to Fixed Charges --(3) 1.08 1.64 3.69 4.96
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(1) Amortization of deferred financing costs of $520 is included in 1999 and
1998 interest expense.
(2) Amortization of deferred financing costs of $390 is included in 1997
interest expense.
(3) Earnings were inadequate to cover fixed charges in the year ended December
31, 1999 by $8,728.