EX-12.1 6 v92967exv12w1.txt EXHIBIT 12.1 . . . EXHIBIT 12.1 ESTERLINE TECHNOLOGIES CORPORATION STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
ACTUAL ACTUAL FISCAL YEAR NINE MONTHS ENDED -------------------------------------------------------- ----------------------- JULY 26, AUGUST 1, 1998 1999 2000 2001 2002 2002 2003 -------- -------- -------- -------- -------- ---------- ----------- (DOLLARS IN THOUSANDS) Income from continuing operations before income taxes................... $ 38,661 $ 46,583 $ 45,308 $ 67,067 $ 41,745 $ 30,825 $ 28,574 Fixed charges(1) Interest expense...................... 3,803 9,011 8,124 7,663 7,122 5,406 7,388 Amortization of debt issuance 43 107 116 178 167 132 101 cost.................................. Interest included in rental expense... 1,543 1,549 1,957 2,035 2,164 1,459 1,813 -------- -------- -------- -------- -------- -------- -------- Total............................ $ 5,389 $ 10,667 $ 10,197 $ 9,876 $ 9,453 $ 6,997 $ 9,302 Earnings(2)............................. $ 44,050 $ 57,250 $ 55,505 $ 76,943 $ 51,198 $ 37,822 $ 37,876 Ratio of earnings available to cover fixed charges......................... 8.2 5.4 5.4 7.8 5.4 5.4 4.1
------------------------------ (1) Fixed charges consist of interest on indebtedness and amortization of debt issuance cost plus that portion of lease rental expense representative of the interest factor. (2) Earnings consist of income from continuing operations before income taxes plus fixed charges.