Exhibit 12.1
Thermon Group Holdings, Inc.
Computation of Ratio of Earnings to Fixed Charges
(amounts in thousands)
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Predecessor |
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Predecessor |
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2009 |
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Year Ended March 31 |
|
2011 |
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Earnings |
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Income (loss) from continuing operations before provision for income taxes |
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$ |
28,196 |
|
$ |
32,906 |
|
$ |
(26,481 |
) |
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Plus: Fixed Charges |
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Interest expense and amortization of premiums/discounts (a) |
|
9,625 |
|
7,357 |
|
29,000 |
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Estimated interest component of rental expense |
|
535 |
|
566 |
|
677 |
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Total Fixed Charges |
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$ |
10,160 |
|
$ |
7,923 |
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$ |
29,677 |
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Less: |
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Pre tax income from continuing operations plus fixed charges |
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$ |
38,356 |
|
$ |
40,829 |
|
$ |
3,196 |
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Ratio of Earnings to Fixed Charges |
|
3.8 |
|
5.2 |
|
0.11 |
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(a) The Company considers one-third of rent expense to be a reasonable estimate of the related interest expense.