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Exhibit 12(a)

Tennant
Computation of Ratio of Earnings to Fixed Charges
(Amounts in thousands of dollars)


 
Year ended December 31,
 
Nine months ended September 30,
Ratio of Earnings to Fixed Charges
2010
2011
2012
2013
2014
 
2014
2015
 
 
 
 
 
 
 
 
 
Profit (loss) before income taxes
$
34,727

$
48,730

$
59,890

$
59,878

$
69,538

 
$
47,997

$
33,194

 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
Interest expense
1,619

2,238

2,517

1,761

1,722

 
1,301

1,011

Amortization of debt expense
318

660

203

183

193

 
137

231

Interest component of rental expense (estimated)
5,405

5,792

5,841

5,958

6,149

 
4,641

4,448

     Total Fixed Charges
7,342

8,690

8,561

7,902

8,064

 
6,079

5,690

 
 
 
 
 
 
 
 
 
Profit (loss) before income taxes plus fixed charges
$
42,069

$
57,420

$
68,451

$
67,780

$
77,602

 
$
54,076

$
38,884

 
 
 
 
 
 
 
 
 
     Ratio of Earnings to Fixed Charges
5.7

6.6

8.0

8.6

9.6

 
8.9

6.8