EX-12.1 2 a2161976zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1


Alliant Techsystems Inc.
Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)

 
  2001
  2002
  2003
  2004
  2005
  1Q FY06
 
Earnings:                                      
Income from operations before taxes   $ 103,394   $ 121,334   $ 197,477   $ 217,796   $ 220,540   $ 52,838  
Plus fixed charges     35,071     105,608     81,968     63,376     68,840     18,553  
   
 
 
 
 
 
 
  Earnings   $ 138,465   $ 226,942   $ 279,445   $ 281,172   $ 289,380   $ 71,391  
   
 
 
 
 
 
 
Fixed Charges:                                      
Interest expense, including amortization of debt issue costs   $ 33,738   $ 103,547   $ 79,495   $ 60,327   $ 65,382   $ 17,470  
Estimated interest factor of rental expense     1,333     2,061     2,473     3,049     3,458     1,083  
   
 
 
 
 
 
 
  Fixed Charges   $ 35,071   $ 105,608   $ 81,968   $ 63,376   $ 68,840   $ 18,553  
   
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges(1)     3.95 x   2.15 x   3.41 x   4.44 x   4.20 x   3.85 x
   
 
 
 
 
 
 
Rent expense     16,658     29,437     35,326     43,563     49,396     15,470  
Implied interest rate on rent     8.0 %   7.0 %   7.0 %   7.0 %   7.0 %   7.0 %

(1)
For purposes of calculating the ratio of earnings to fixed charges, "earnings" represents income from continuing operations before income taxes, plus fixed charges. "Fixed charges" consist of interest expense, including amortization of debt issuance costs and that portion of rental expense considered to be a reasonable approximation of interest.



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Alliant Techsystems Inc. Computation of Ratio of Earnings to Fixed Charges (dollars in thousands)