EX-12.1 2 a99651a1exv12w1.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 For the years ended March 31, year ended ---------------------------------------------- ------------- 2000 2001 2002 2003 April 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 $ 12,377 $ 13,763 $ (615) $(20,980) $ 15,305 Plus: Fixed charges 810 1,406 1,874 2,960 2,324 -------- -------- -------- -------- -------- $ 13,187 $ 15,169 $ 1,259 $(18,020) $ 17,629 ======== ======== ======== ======== ======== Fixed Charges: Interest $ 157 $ 78 $ 370 $ 856 $ 357 Interest portion of rental expense* 653 1,328 1,504 2,104 1,967 -------- -------- -------- -------- -------- Total fixed charges $ 810 $ 1,406 $ 1,874 $ 2,960 $ 2,324 ======== ======== ======== ======== ======== Ratio of earnings to fixed charges 16.28 10.79 ** *** 7.59 ======== ======== ======== ======== ========
* 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.