Exhibit 12.2

 

Thermon Holding Corp.

 

Computation of Ratio of Earnings to Fixed Charges

(amounts in thousands)

 

 

 

Predecessor

 

Predecessor
Successor
Combined

 

 

 

2009

 

Year Ended March 31
2010

 

2011

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations before provision for income taxes

 

$

28,196

 

$

32,906

 

$

(26,481

)

 

 

 

 

 

 

 

 

Plus: Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense and amortization of premiums/discounts (a)

 

9,625

 

7,357

 

29,000

 

Estimated interest component of rental expense

 

535

 

566

 

677

 

 

 

 

 

 

 

 

 

Total Fixed Charges

 

$

10,160

 

$

7,923

 

$

29,677

 

 

 

 

 

 

 

 

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.