Attached files
| file | filename |
|---|---|
| EX-23 - EX-23 - Zep Inc. | a11-26926_1ex23.htm |
| EX-24 - EX-24 - Zep Inc. | a11-26926_1ex24.htm |
| EX-21 - EX-21 - Zep Inc. | a11-26926_1ex21.htm |
| EX-32.A - EX-32.A - Zep Inc. | a11-26926_1ex32da.htm |
| EX-31.A - EX-31.A - Zep Inc. | a11-26926_1ex31da.htm |
| EX-31.B - EX-31.B - Zep Inc. | a11-26926_1ex31db.htm |
| EX-32.B - EX-32.B - Zep Inc. | a11-26926_1ex32db.htm |
| EX-10.III.A.52 - EX-10.III.A.52 - Zep Inc. | a11-26926_1ex10diiidad52.htm |
| 10-K - 10-K - Zep Inc. | a11-26926_110k.htm |
Exhibit 12
Zep Inc.
Ratio of Earnings to Fixed Charges and of Earnings to Combined Fixed Charges and Preferred
Stock Dividends
(In thousands, except ratios)
|
|
|
Fiscal Year Ended August 31, |
| |||||||||||||
|
|
|
2011 |
|
2010 |
|
2009 |
|
2008 |
|
2007 |
| |||||
|
Income before Provision for Income Taxes |
|
$ |
26,695 |
|
$ |
21,711 |
|
$ |
15,184 |
|
$ |
25,991 |
|
$ |
24,837 |
|
|
Additions: |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Fixed charges |
|
7,398 |
|
3,108 |
|
2,447 |
|
4,038 |
|
6,026 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Total Earnings |
|
$ |
34,093 |
|
$ |
24,819 |
|
$ |
17,631 |
|
$ |
30,029 |
|
$ |
30,863 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Fixed Charges |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Interest expense |
|
$ |
6,659 |
|
$ |
2,434 |
|
$ |
1,791 |
|
$ |
3,081 |
|
$ |
5,218 |
|
|
Preferred stock dividends |
|
— |
|
— |
|
— |
|
— |
|
— |
| |||||
|
Capitalized interest |
|
— |
|
— |
|
— |
|
— |
|
— |
| |||||
|
Estimate of interest portion of rental expenses |
|
739 |
|
674 |
|
656 |
|
957 |
|
808 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Total Fixed Charges |
|
$ |
7,398 |
|
$ |
3,108 |
|
$ |
2,447 |
|
$ |
4,038 |
|
$ |
6,026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Ratio of Earnings to Fixed Charges |
|
4.6 |
|
8.0 |
|
7.2 |
|
7.4 |
|
5.1 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends |
|
4.6 |
|
8.0 |
|
7.2 |
|
7.4 |
|
5.1 |
| |||||