EXHIBIT 12

LSI Industries Inc.
Ratio of Earnings to Fixed Charges – SEC Method

	FY 2010		FY 2009			FY 2008			FY 2007		FY 2006		FY 2005
Earnings
Pre-tax earnings		1,784		(14,403	)		(10,691	)		31,727		21,987		22,873
Fixed charges		942		874			975			1,935		862		1,037
Amortization of capitalized interest		0		0			0			0		2		2
Interest capitalized		0		0			0			0		0		0
		2,726		(13,529	)		(9,716	)		33,662		22,851		23,912
Fixed Charges
Interest costs		153		89			81			962		78		217
Amortization of debt issuance costs		0		0			0			0		0		0
Interest capitalized		0		0			0			0		0		0
Interest component of rental expense		789		785			894			973		784		820
		942		874			975			1,935		862		1,037
Ratio		2.89		-15.48			-9.97			17.40		26.51		23.06