BRIGGS & STRATTON CORP - FORM 10-K - EX-12 - COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES - August 21, 2015

Attached files

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EX-21 - SUBSIDIARIES OF THE REGISTRANT - BRIGGS & STRATTON CORPex-21.htm
EX-32.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO SECTION 906 - BRIGGS & STRATTON CORPex-322.htm
EX-31.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO SECTION 302 - BRIGGS & STRATTON CORPex-312.htm
EX-31.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO SECTION 302 - BRIGGS & STRATTON CORPex-311.htm
EX-32.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO SECTION 906 - BRIGGS & STRATTON CORPex-321.htm
EX-23.1 - CONSENT OF DELOITTE & TOUCHE LLP - BRIGGS & STRATTON CORPex-231.htm
EX-10.16(A) - AMENDMENT TO EXPATRIATE AGREEMENT - BRIGGS & STRATTON CORPex-1016a.htm
10-K - 10-K - BRIGGS & STRATTON CORPbgg-6282015.htm


Exhibit 12
BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES
2015 ANNUAL REPORT ON FORM 10-K
COMPUTATION OF RATIO OF EARNINGS (LOSSES) TO FIXED CHARGES
(in thousands)

 
 
 
 
 
 
 
 
 
 
 
Fiscal Year Ended
 
June 28, 2015

 
June 29, 2014

 
June 30, 2013

 
July 1, 2012

 
July 3, 2011

Earnings (Loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) before income taxes
$
56,958

 
$
37,134

 
$
(54,164
)
 
$
29,873

 
$
32,054

Less: Equity income from equity investees
(7,303
)
 
(6,264
)
 
(4,244
)
 
(5,100
)
 
(5,082
)
Add: Fixed Charges
21,714

 
20,911

 
21,139

 
21,317

 
25,942

Add: Distributed income of equity investees
4,628

 
4,070

 
4,636

 
4,029

 
6,980

Earnings (Loss) as defined
$
75,997

 
$
55,851

 
$
(32,633
)
 
$
50,119

 
$
59,894

 
 
 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
19,532

 
$
18,466

 
$
18,519

 
$
18,542

 
$
23,014

Amortization of discounts related to indebtedness
—

 
—

 
—

 
—

 
304

Interest expense as reported
19,532

 
18,466

 
18,519

 
18,542

 
23,318

 
 
 
 
 
 
 
 
 
 
Amortization of debt issuance costs
957

 
988

 
1,007

 
1,209

 
934

Portion of rent expense relating to interest
1,225

 
1,457

 
1,613

 
1,566

 
1,690

Fixed charges as defined
$
21,714

 
$
20,911

 
$
21,139

 
$
21,317

 
$
25,942

 
 
 
 
 
 
 
 
 
 
Ratio of earnings (loss) to fixed charges
3.5x

 
2.7x

 
—

 
2.4x

 
2.3x

 
 
 
 
 
 
 
 
 
 
Coverage deficiency
$
—

 
$
—

 
$
53,772

 
$
—

 
$
—




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