EX-12.1 4 d497321dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

ViaSat, Inc.

Computation of Ratio of Earnings to Fixed Charges

 

     Fiscal Year Ended     Nine Months Ended  

(in thousands, except for ratios)

    Mar. 28,
2008		      Apr. 3,
2009		      Apr. 2,
2010		     Apr. 1,
2011		     Mar. 30,
2012		     Dec. 28,
2012		  

Computation of earnings:

               

Income (loss) attributable to ViaSat, Inc. before income tax expense (benefit) (1)

    $ 47,034       $ 45,125       $ 36,574      $ 36,113      $ (6,155 )   $ (73,710 ) 

Fixed charges, as calculated below

      1,373         1,509         17,314        32,822        35,719        37,269   

Amortization of capitalized interest

      —           —           —          55        1,768        3,642   

Capitalized interest

      —           —           (8,800 )     (28,300 )     (25,900 )     (2,300 ) 
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Total earnings

    $ 48,407       $ 46,634       $ 45,088      $ 40,690      $ 5,432      $ (35,099 ) 
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Fixed charges:

               

Interest expense including amortization of debt discount, premium and issuance costs

      557         509         7,354        3,154        8,307        33,771   

Capitalized interest

      —           —           8,800        28,300        25,900        2,300   

Estimated interest within rental expense

      816         1,000         1,160        1,368        1,512        1,198   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges

    $ 1,373       $ 1,509       $ 17,314      $ 32,822      $ 35,719      $ 37,269   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges(1)

      35.26         30.90         2.60        1.24        —          —     

 

(1) Due to the loss attributable to ViaSat, Inc. before income tax benefit for the fiscal year ended March 30, 2012, the ratio of earnings to fixed charges was less than 1.00. Additional earnings of $30.3 million would have been required to achieve a ratio of 1:1. Due to the loss attributable to ViaSat, Inc. before income tax benefit for the nine months ended December 28, 2012, the ratio of earnings to fixed charges was less than 1.00. Additional earnings of $72.4 million would have been required to achieve a ratio of 1:1, which includes the effect of loss on extinguishment of debt of $26.5 million for the nine months ended December 28, 2012.