EX-12.1 5 a99651orexv12w1.txt EXHIBIT 12.1 EXHIBIT 12.1 VIASAT, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (in thousands, except ratio data and footnoted information)
For the nine For the years ended March 31, months ended ------------------------------------------------------------- --------------- 1999 2000 2001 2002 2003 January 2, 2004 -------- -------- -------- -------- -------- --------------- Earnings available to cover fixed charges: Pretax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees $ 10,179 $ 12,377 $ 13,763 $ (615) $(20,980) $ 11,008 Plus: Fixed charges 718 810 1,406 1,874 2,960 1,807 -------- -------- -------- -------- -------- -------- $ 10,897 $ 13,187 $ 15,169 $ 1,259 $(18,020) $ 12,815 ======== ======== ======== ======== ======== ======== Fixed Charges: Interest $ 250 $ 157 $ 78 $ 370 $ 856 $ 327 Interest portion of rental expense* 468 653 1,328 1,504 2,104 1,480 -------- -------- -------- -------- -------- -------- Total fixed charges $ 718 $ 810 $ 1,406 $ 1,874 $ 2,960 $ 1,807 ======== ======== ======== ======== ======== ======== Ratio of earnings to fixed charges 15.18 16.28 10.79 ** *** 7.09 ======== ======== ======== ======== ======== ========
* Percent of interest in rental expense included in the calculation is a reasonable approximation of the interest factor. ** There was a deficiency of earnings available to cover fixed charges for the fiscal year ended March 31, 2002. Additional earnings of $615,000 would have achieved a ratio of 1:1. *** There was a deficiency of earnings available to cover fixed charges for the fiscal year ended March 31, 2003. Additional earnings of $20,980,000 would have achieved a ratio of 1:1.