EX-12 4 a07-7439_1ex12.htm EX-12

Exhibit 12

Alliant Techsystems Inc.

Statement Re: Computation of Ratio
of Earnings to Fixed Charges

(dollars in thousands)

 

 

Nine MonthsEnded ,

 

Fiscal Year Ended March 31,

 

 

 

December 31,
2006

 

January 1,
2006

 

2006

 

2005

 

2004

 

2003

 

2002

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from operations before taxes

 

$

200,225

 

$

185,845

 

$

227,557

 

$

220,540

 

$

217,796

 

$

197,477

 

$

121,334

 

Plus fixed charges

 

61,126

 

57,358

 

110,017

 

73,201

 

67,223

 

85,087

 

108,207

 

Earnings

 

$

261,351

 

$

243,203

 

$

337,574

 

$

293,741

 

$

285,019

 

$

282,564

 

$

229,541

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense, including amortization of debt issue costs

 

$

54,241

 

$

51,703

 

$

100,837

 

$

65,382

 

$

60,327

 

$

79,495

 

$

103,547

 

Estimated interest factor of rental expense

 

6,885

 

5,655

 

9,180

 

7,819

 

6,896

 

5,592

 

4,660

 

Fixed Charges

 

$

61,126

 

$

57,358

 

$

110,017

 

$

73,201

 

$

67,223

 

$

85,087

 

$

108,207

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges(1)

 

4.28

 

4.24

 

3.07

 

4.01

 

4.24

 

3.32

 

2.12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rent expense

 

43,492

 

35,726

 

57,989

 

49,396

 

43,563

 

35,326

 

29,437

 

Percent of rent expense that represents interest

 

16

%

16

%

16

%

16

%

16

%

16

%

16

%

(1)             For purposes of calculating the ratio of earnings to fixed charges, “earnings” represents income from continuing operations before income taxes, plus fixed charges. “Fixed charges” consist of interest expense, including amortization of debt issuance costs and that portion of rental expense considered to be a reasonable approximation of interest.