Exhibit 12.1

Actuant Corporation

Statement Regarding Computation of Ratio of Earnings to Fixed Charges

(amounts in thousands)

 

     Fiscal Year Ended August 31,                Nine Months Ended:  
     2007      2008      2009 (a)      2010      2011                May 31,
2011		      May 31,
2012 (b)		  

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

    $ 160,753       $ 182,280       $ 26,593       $ 89,202       $ 159,207               111,703         131,202   

Adjustments:

                           

Add: Fixed charges

      35,240         40,170         44,630         33,863         34,864               25,622         25,606   

Less: Capitalized interest

      —           171         —           —           —                 —           —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

           

 

 

     

 

 

  

Earnings from continuing operations before income tax expense, as adjusted

      195,993         222,279         71,223         123,065         194,071               137,325         156,808   

Fixed Charges:

                           

Interest incurred

      33,748         38,262         42,539         32,248         32,949               24,273         24,029   

Interest component of rent expense (estimated at 7.25%)

      1,492         1,908         2,091         1,615         1,915               1,349         1,577   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

           

 

 

     

 

 

  
     35,240         40,170         44,630         33,863         34,864               25,622         25,606   

Earnings to fixed charges ratio

      5.6         5.5         1.6         3.6         5.6               5.4         6.1   

 

  (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.

 

  (b) Earning from continuing operations before income tax expense for the nine months ended May 31, 2012 includes a debt refinancing charge of $16.8 million. Excluding this charge, the earning to fixed charge coverage ratio would have been 6.8 for the nine months ended May 31, 2012.