Exhibit 12.1

Actuant Corporation

Statement Regarding Computation of Ratio of Earnings to Fixed Charges

(amounts in thousands)

 

     Fiscal Year Ended August 31,      Three Months Ended:  
     2007      2008      2009 (a)      2010      2011      Nov 30, 2010      Nov 30, 2011  

Earnings (loss) from continuing operations before income tax expense, as reported

    $ 160,753       $ 182,280       $ 26,593       $ 89,202       $ 159,207       $ 33,572       $ 48,402   

Adjustments:

                     

Add: Fixed charges

      35,240         40,170         44,630         33,863         34,864         8,076         8,955   

Less: Capitalized interest

      —           171         —           —           —           —           —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Earnings from continuing operations before income tax expense, as adjusted

      195,993         222,279         71,223         123,065         194,071         41,648         57,357   

Fixed Charges:

                     

Interest incurred

      33,748         38,262         42,539         32,248         32,949         7,632         8,422   

Interest component of rent expense (estimated at 7.25%)

      1,492         1,908         2,091         1,615         1,915         444         533   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
     35,240         40,170         44,630         33,863         34,864         8,076         8,955   

Earnings to fixed charges ratio

      5.6         5.5         1.6         3.6         5.6         5.2         6.4   

 

(a) Earnings from continuing operations before income tax expense for the fiscal year ended August 31, 2009 included a $31.3 million non-cash impairment charge related to the goodwill, intangible and fixed assets of the recreational vehicle and harsh environment electrical business reporting units (as disclosed in the Company’s Form 10-K filed with the Securities and Exchange Commission on October 28, 2009). Excluding the impairment charge, the earnings to fixed charge coverage ratio would have been 2.3 for the fiscal year ended August 31, 2009.