Attached files
Exhibit 12.1
Manitowoc Foodservice, Inc.
Statement of Computation of Ratio of Earnings to Fixed Charges
(in millions, except ratio data)
For the year ended December 31, | |||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||
Earnings (Loss) from continuing operations before income taxes | $ | 196.3 | $ | 187.2 | $ | 204.6 | $ | 179.5 | $ | 140.9 | |||||
Fixed charges | 7.6 | 7.3 | 6.4 | 6.4 | 6.6 | ||||||||||
Total earnings available for fixed charges | 203.9 | 194.5 | 211.0 | 185.9 | 147.5 | ||||||||||
Fixed charges: | |||||||||||||||
Interest expense | 1.4 | 1.3 | 1.0 | 1.0 | 1.4 | ||||||||||
Amortization of deferred financing costs | — | — | — | — | — | ||||||||||
Portion of rent deemed interest factor (1) | 6.2 | 6.0 | 5.4 | 5.4 | 5.2 | ||||||||||
Total fixed charges | $ | 7.6 | $ | 7.3 | $ | 6.4 | $ | 6.4 | $ | 6.6 | |||||
Ratio of earnings to fixed charges | 26.8 | 26.6 | 33.0 | 29.0 | 22.3 | ||||||||||
(1) One third of all rent expense is deemed representative of the interest factor