Exhibit 12
Kadant Inc.
Computation of Ratio of Earnings to Fixed Charges
| ($ in thousands) |
Three Months Ended |
Fiscal Year Ended | ||||||||||||||||||||||
| April 4, 2009 |
January 3, 2009 |
December 29, 2007 |
December 30, 2006 |
December 31, 2005 |
January 1, 2005 |
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| Earnings: |
||||||||||||||||||||||||
| (Loss) income from continuing operations before income taxes |
$ | (398 | ) | $ | (13,810 | ) | $ | 35,522 | $ | 27,235 | $ | 13,974 | $ | 8,285 | ||||||||||
| Deduct equity in earnings of equity interest |
(25 | ) | (319 | ) | (320 | ) | (266 | ) | (184 | ) | (8 | ) | ||||||||||||
| Total earnings |
(423 | ) | (14,129 | ) | 35,202 | 26,969 | 13,790 | 8,277 | ||||||||||||||||
| Fixed charges: |
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| Interest expense |
781 | 2,561 | 2,873 | 3,118 | 1,978 | 23 | ||||||||||||||||||
| Amortization of capitalized expenses related to indebtedness |
32 | 177 | 213 | 210 | 136 | — | ||||||||||||||||||
| Estimated interest component of rent expense |
17 | 120 | 154 | 144 | 148 | 131 | ||||||||||||||||||
| Total fixed charges |
830 | 2,858 | 3,240 | 3,472 | 2,262 | 154 | ||||||||||||||||||
| Adjusted earnings from continuing operations available to cover fixed charges |
$ | 407 | $ | (11,271 | ) | $ | 38,442 | $ | 30,441 | $ | 16,052 | $ | 8,431 | |||||||||||
| Ratio of earnings to fixed charges |
N/A | N/A | 11.9 | x | 8.8 | x | 7.1 | x | 54.7 | x | ||||||||||||||
| Amount by which earnings were insufficient to cover fixed charges |
$ | (423 | ) | $ | (14,129 | ) | — | — | — | — | ||||||||||||||