EX-12.1 3 a28834orexv12w1.htm EXHIBIT 12.1 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 years ended   For the nine months ended
    March 31,   April 2,   April 1,   March 31,   December 29,
    2002     2003     2004   2005   2006   2006
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
  $ (615 )   $ (20,980 )   $ 15,305   $ 20,628   $ 28,730   $ 28,806
Plus: Fixed charges
    1,874       2,960       2,324     2,321     2,761     2,164
                             
 
 
  $ 1,259     $ (18,020 )   $ 17,629   $ 22,949   $ 31,491   $ 28,970
                             
 
Fixed charges:
                                       
 
Interest
  $ 370     $ 856     $ 357   $ 141   $ 448   $ 383
Interest portion of rental expense*
    1,504       2,104       1,967     2,180     2,313     1,781
                             
 
Total fixed charges
  $ 1,874     $ 2,960     $ 2,324   $ 2,321   $ 2,761   $ 2,164
                             
 
Ratio of earnings to fixed charges
    **       ***       7.59     9.89     11.41     13.39
                             
     
*   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.