EX-12.1 2 a06-13873_3ex12d1.htm STATEMENT RE: COMPUTATION OF RATIOS

Exhibit 12.1

DynCorp International LLC
Statement Regarding Computation of Ratios -
Fixed Charge Coverage Ratio
(Dollars in thousands)

 

 

Original Predecessor Period

 

 

 

Immediate Predecessor
Period

 

 

 

Successor
Period

 

 

 

Fiscal Year
Ended
March 29,
2002

 

March 30,
2002 –
March 7,
2003

 

 

 

21 Days
Ended 
March 28,
2003

 

Fiscal Year
Ended
April 2,
2004

 

April 3,
2004 –
Feb. 11, 
2005

 

 

 

49 Days
Ended
April 1,
2005

 

Fiscal Year
Ended
March 31,
2006

 

Income (loss) from continuing operations before income taxes

 

 

$

32,239

 

 

 

$

30,839

 

 

 

 

 

$

2,081

 

 

 

$

51,284

 

 

$

94,689

 

 

 

 

$

(862

)

 

 

$

45,012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Computation of fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense and amortization of debt issue costs on all indebtedness

 

 

—

 

 

 

—

 

 

 

 

 

—

 

 

 

—

 

 

—

 

 

 

 

8,054

 

 

 

56,686

 

 

Interest factor on rent expense (1)

 

 

2,980

 

 

 

2,851

 

 

 

 

 

168

 

 

 

6,529

 

 

3,757

 

 

 

 

583

 

 

 

18,058

 

 

Total fixed charges

 

 

2,980

 

 

 

2,851

 

 

 

 

 

168

 

 

 

6,529

 

 

3,757

 

 

 

 

8,637

 

 

 

74,744

 

 

Income from continuing operations before income taxes and fixed charges

 

 

$

35,219

 

 

 

$

33,690

 

 

 

 

 

$

2,249

 

 

 

$

57,813

 

 

$

98,446

 

 

 

 

$

7,775

 

 

 

$

119,756

 

 

Ratio of earnings to fixed charges

 

 

11.8

 

 

 

11.8

 

 

 

 

 

13.4

 

 

 

8.9

 

 

26.2

 

 

 

 

0.9

 

 

 

1.6

 

 

(1)             Amount included in fixed charges for rentals is considered by management to be a reasonable approximation of the interest factor.