EX-12.1 29 dex121.htm COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES Computation of ratio earnings to fixed charges

Exhibit 12.1

ESTERLINE TECHNOLOGIES CORPORATION

Statement of Computation of Ratio of Earnings to Fixed Charges

 

     Six Months
Ended April 27,
2007
   2006    2005    2004    2003    2002
     (in thousands)

Income from continuing operations before income taxes

   $ 39,499    $ 73,196    $ 67,670    $ 38,989    $ 40,605    $ 37,588

Fixed charges (1)

                 

Interest expense

     14,252      21,290      18,159      17,336      11,991      7,117

Amortization of debt issuance cost

     0      172      56      56      703      167

Interest included in rental expense

     2,016      3,505      3,137      2,894      2,398      2,164
                                         

Total

     16,268      24,967      21,352      20,286      15,092      9,448
                                         

Earnings (2)

   $ 55,767    $ 98,163    $ 89,022    $ 59,275    $ 55,697    $ 47,036
                                         

Ratio of earnings available to cover fixed charges

     3.4      3.9      4.2      2.9      3.7      5.0

(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.