EX-12 5 atk3312014xexhibit12.htm EXHIBIT 12 atk3312014xexhibit12


Alliant Techsystems Inc.
 
 
 
 
 
 
 
 
 
 
Statement Re: Computation of Ratio of Earnings to Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal Year Ended March 31,
(Dollars in thousands)
 
2014
 
2013
 
2012
 
2011
 
2010
Earnings:
 
 
 
 
 
 
 
 
 
 
Income before interest, loss on extinguishment of debt, income taxes, and noncontrolling interest
 
$
510,514

 
$
392,484

 
$
406,966

 
$
438,674

 
$
434,843

Plus fixed charges
 
92,764

 
78,579

 
102,495

 
100,475

 
98,751

Earnings
 
$
603,278

 
$
471,063

 
$
509,461

 
$
539,149

 
$
533,594

 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest expense, including amortization of debt issuance costs
 
$
80,044

 
$
65,924

 
$
89,296

 
$
87,612

 
$
87,313

Estimated interest factor of rental expense
 
12,720

 
12,655

 
13,199

 
12,863

 
11,438

Fixed Charges
 
$
92,764

 
$
78,579

 
$
102,495

 
$
100,475

 
$
98,751

 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges (1)
 
6.50

 
5.99

 
4.97

 
5.37

 
5.40

 
 
 
 
 
 
 
 
 
 
 
Rent expense
 
79,501

 
79,093

 
82,494

 
80,391

 
71,486

Percent of rent expense that represents interest
 
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.