EX-12.1 3 a2199808zex-12_1.htm EXHIBIT 12.1

Exhibit 12.1

 

TRIUMPH GROUP, INC.

 

Computation of Ratio of Earnings to Fixed Charges

(in thousands)

 

 

 

Three Months
Ended
June 30,

 

Fiscal year ended March 31,

 

 

 

2010

 

2010

 

2009

 

2008

 

2007

 

2006

 

EARNINGS AS DEFINED

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations, before income taxes

 

$

21,059

 

$

126,455

 

$

135,865

 

$

106,383

 

$

74,004

 

$

50,867

 

Fixed charges

 

13,515

 

35,296

 

26,334

 

27,646

 

22,111

 

16,703

 

TOTAL EARNINGS, AS DEFINED

 

$

34,574

 

$

161,751

 

$

162,199

 

$

134,029

 

$

96,115

 

$

67,570

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FIXED CHARGES, AS DEFINED

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

9,752

 

$

21 915

 

$

13,388

 

$

14,351

 

$

12,572

 

$

11,753

 

Interest portion of rental expenses

 

1,346

 

5,234

 

5,054

 

5,154

 

4,603

 

4,202

 

Amortization of capitalized expenses related to debt

 

753

 

1,951

 

1,685

 

2,289

 

2,287

 

748

 

Accretion of debt discount

 

1,664

 

6,196

 

6,207

 

5,852

 

2,649

 

—

 

TOTAL FIXED CHARGES, AS DEFINED

 

$

13,515

 

$

35,296

 

$

26,334

 

$

27,646

 

$

22,111

 

$

16,703

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

2.6

 

4.6

 

6.2

 

4.8

 

4.3

 

4.0