EX-12.1 2 kmg-ex121_8.htm EX-12.1 kmg-ex121_8.htm

Exhibit 12.1

 

 

Computation of Ratio of Earnings to Fixed Charges

(in thousands, except ratios)

 

 

 

 

 

 

Twelve Months Ended July 31,

 

 

 

 

 

2018

 

 

2017

 

 

2016

 

 

2015

 

 

2014

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before provision for income taxes

 

 

 

$

64,399

 

 

$

32,442

 

 

$

28,230

 

 

$

18,884

 

 

$

266

 

Add: Fixed Charges

 

 

 

 

21,981

 

 

 

5,217

 

 

 

1,246

 

 

 

1,897

 

 

 

3,402

 

Total Earnings

 

 

 

$

86,380

 

 

$

37,659

 

 

$

29,476

 

 

$

20,781

 

 

$

3,668

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (1)

 

 

 

$

21,529

 

 

$

4,817

 

 

$

799

 

 

$

1,407

 

 

$

2,854

 

Estimated interest component of rental expense

 

 

 

 

452

 

 

 

400

 

 

 

447

 

 

 

490

 

 

 

548

 

Total Fixed Charges

 

 

 

$

21,981

 

 

$

5,217

 

 

$

1,246

 

 

$

1,897

 

 

$

3,402

 

Ratio of Earnings to Fixed Charges

 

 

 

 

3.9

 

 

 

7.2

 

 

 

23.7

 

 

 

11.0

 

 

 

1.1

 

 

 

 

(1)Includes amortization of debt issuance costs.