EX-12 9 ex121.htm RATIO OF EARNINGS EXHIBIT 31

EXHIBIT 12.1





Standex International Corporation

Ratio of Earnings to Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended June 30,

(in thousands, except for ratios)

 

2015

 

2014

 

2013

 

2012

 

2011

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before

 

 

 

 

 

 

 

 

 

 

provision (benefit) for income taxes

 

        76,117

 

        67,803

 

      59,298

 

        61,595

 

        52,668

 

 

 

 

 

 

 

 

 

 

 

 

Add:

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

     3,749

 

    2,780

 

  2,933

 

    2,737

 

     2,508

Total earnings

 

   79,866

 

   70,583

 

 62,231

 

  64,332

 

   55,176

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

     3,161

 

    2,249

 

  2,469

 

    2,280

 

     2,107

 

Rental interest factor

 

        588

 

       531

 

     464

 

       457

 

       401

Total fixed changes

 

    3,749

 

    2,780

 

  2,933

 

   2,737

 

    2,508

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges (1)

 

21.30:1

 

25.39:1

 

21.22:1

 

23.51:1

 

22.00:1

 

 

 

 

 

 

 

 

 

 

 

 



(1)

For purposes of calculating the ratio of earnings to fixed charges, the sum of income from continuing operations before provision for income taxes plus fixed charges is divided by fixed charges.  "Fixed charges" represent interest expense and the estimated interest component of rental expense.