Republic Group Inc – ‘S-4’ on 9/11/98 – EX-12

As of:  Friday, 9/11/98   ·   Accession #:  930661-98-1933   ·   File #:  333-63261

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Registration of Securities Issued in a Business-Combination Transaction   —   Form S-4
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-4         Registration of Securities Issued in a                88    621K 
                          Business-Combination Transaction                       
 2: EX-1        Purchase Agreement Dated July 10, 1998                31    121K 
 3: EX-4.(C)    4th Amendment to Loan Documents, Dated as of April    12     44K 
                          28, 1998                                               
 4: EX-4.(F)    Registration Rights Agreement Dated July 15, 1998     24     82K 
 5: EX-12       Statement Re Computation of Ratios                     2±    13K 
 6: EX-21       Significant Subsidiaries of the Registrant             1      6K 
 7: EX-23.(A)   Consent of Arthur Andersen, LLP                        1      6K 
 8: EX-25       Statement of Eligibility of Trustee                   27     93K 
 9: EX-27       Financial Data Schedule                                2      7K 
10: EX-99.(A)   Form of Letter of Transmittal                         22     76K 
11: EX-99.(B)   Form of Notice of Guaranteed Delivery                  5     14K 

EX-12   —   Statement Re Computation of Ratios

EX-12
TOC
↑Top
Previous
Next
↓Bottom
Just 1st
 
                                                                      EXHIBIT 12

 REPUBLIC GROUP INCORPORATED
 COMPUTATION OF RATIOS

                                                        [Enlarge/Download Table]

                                                                                                           Nine Months      
                                                             Year Ended June 30,                         Ended March 31,    
                                           --------------------------------------------------------  -----------------------
      (dollars in thousands)                     1993       1994        1995       1996       1997          1997       1998 
---------------------------------------------------------------------------------------------------  -----------------------
                                                                                                                            
Ratio of earnings to fixed charges:                                                                                         
     Fixed Charges:                                                                                                         
     Interest expense                          $   10    $    22     $     7    $ 1,937    $ 1,476       $ 1,175    $     2 
                                           --------------------------------------------------------  -----------------------
         Total fixed charges                       10         22           7      1,937      1,476         1,175          2 
                                           --------------------------------------------------------  -----------------------

     Income before income taxes                 4,450     12,436      19,158     23,974     31,141        23,016     20,206 
     Fixed charges                                 10         22           7      1,937      1,476         1,175          2 
                                           --------------------------------------------------------  -----------------------
         Earnings, as defined (1)               4,460     12,458      19,165     25,911     32,617        24,191     20,208 
                                           --------------------------------------------------------  -----------------------

Ratio of earnings to fixed charges (1)            N/A        N/A         N/A       13:1       22:1          21:1        N/A 
                                           ========================================================  =======================

Pro forma ratios: (2)                                                                                                       
     Pro forma fixed charges:                                                                                               
     Pro forma interest expense                                                             10,976                    7,127 
                                                                                        -----------              -----------
         Total pro forma fixed charges                                                      10,976                    7,127 
                                                                                        -----------              -----------

     Pro forma income before income taxes                                                   21,641                   13,081 
     Pro forma fixed charges                                                                10,976                    7,127 
                                                                                        -----------              -----------
         Pro forma earnings, as defined (1) (2)                                             32,617                   20,208 
                                                                                        -----------              -----------

Pro forma ratio of earnings to fixed charges (2)                                             3.0:1                    2.8:1 
                                                                                        ===========              ===========

Pro forma ratio of EBITDA to interest expense: (2) (3)                                                                      
     Pro forma income before income taxes                                                   21,641                   13,081 
     Pro forma interest expense                                                             10,976                    7,127 
     Depreciation and amortization                                                           7,080                    5,593 
                                                                                        -----------              -----------
         EBITDA                                                                             39,697                   25,801 
                                                                                        -----------              -----------

     Pro forma interest expense                                                             10,976                    7,127 
                                                                                        -----------              -----------

Pro forma ratio of EBITDA to interest expense (2)                                            3.6:1                    3.6:1 
                                                                                        ===========              ===========

Notes                                                                           
(1)  Earnings, for the purpose of calculating the ratio of earnings to fixed    
    charges, is defined as earnings before income taxes and fixed charges. The
  ratio of earnings to fixed charges is not meaningful for the years ended
     June 30, 1993, 1994 and 1995, and for the nine months ended March 31, 1998,
due to the insignificance of interest expense in such periods.        
(2)  The pro forma ratios presented above have been adjusted to give effect to  
the issuance and sale of the Notes at a rate of 9 1/2% and the related
interest expense (including capitalized interest) as if the Notes were
issued and sold at the beginning of the period. The Company expects to
  borrow a significant amount of the $85 million available to it under the
   New Credit Facility in order to fund the construction of the Lawton Mill,
     which would significantly increase the Company's interest expense. However,
neither ratio has been adjusted to give effect to any interest expense
    related to such borrowings or to any increase in earnings that the Company
may realize as a result of the upgrade to the Duke Plant or from the  
operation of the Lawton Mill.                                         
(3)  EBITDA is defined as earnings before income taxes, interest expense,       
depreciation and amortization.                                        

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘S-4’ Filing		Date		Other Filings
Filed on:		9/11/98		8-K
		3/31/98		10-Q
		6/30/95		10-K,  8-K
		6/30/94
		6/30/93
				List all Filings