Exhibit 12.2
Thermon Holding Corp.
Computation of Ratio of Earnings to Fixed Charges
(amounts in thousands)
|
|
Predecessor |
|
Predecessor |
| |||||
|
|
2009 |
|
Year Ended March 31 |
|
2011 |
| |||
Earnings |
|
|
|
|
|
|
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|
|
|
|
|
|
|
| |||
Income (loss) from continuing operations before provision for income taxes |
|
$ |
28,196 |
|
$ |
32,906 |
|
$ |
(26,481 |
) |
|
|
|
|
|
|
|
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Plus: Fixed Charges |
|
|
|
|
|
|
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|
|
|
|
|
|
|
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Interest expense and amortization of premiums/discounts (a) |
|
9,625 |
|
7,357 |
|
29,000 |
| |||
Estimated interest component of rental expense |
|
535 |
|
566 |
|
677 |
| |||
|
|
|
|
|
|
|
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Total Fixed Charges |
|
$ |
10,160 |
|
$ |
7,923 |
|
$ |
29,677 |
|
|
|
|
|
|
|
|
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Less: |
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|
|
|
|
|
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|
|
|
|
|
|
|
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Pre tax income from continuing operations plus fixed charges |
|
$ |
38,356 |
|
$ |
40,829 |
|
$ |
3,196 |
|
|
|
|
|
|
|
|
| |||
Ratio of Earnings to Fixed Charges |
|
3.8 |
|
5.2 |
|
0.11 |
|
(a) The Company considers one-third of rent expense to be a reasonable estimate of the related interest expense.