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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Company
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Year Ended
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1996 1997 1998 1999 2000
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Earnings:
Pre-tax income from continuing
Operations 7,054 8,752 2,321 2,652 (462)
Add fixed charges:
Interest on indebtedness 4,399 4,963 7,900 10,948 10,834
Portion of rents representative
of the interest factor 203 213 275 305 358
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Income as adjusted 11,656 13,928 10,496 13,905 10,730
Fixed charges:
Interest on indebtedness 4,399 4,963 7,900 10,948 10,834
Capitalized interest
Portion of rents representative
of the interest factor 203 213 275 305 358
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Total Fixed Charges 4,602 5,176 8,175 11,253 11,192
Ratio of earnings to fixed charges 2.5 2.7 1.3 1.2 1.0
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