EX-12 3 a2185858zex-12.htm EXHIBIT 12
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Exhibit 12

Alliant Techsystems Inc.
Statement Re: Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)

 
  Fiscal Year Ended March 31,
 
 
  2008
  2007
  2006
  2005
  2004
 
Earnings:                                
Income before income taxes and minority interest   $ 350,381   $ 264,796   $ 227,557   $ 220,540   $ 217,796  
Plus fixed charges     91,616     85,970     110,115     73,285     67,297  
   
 
 
 
 
 
  Earnings   $ 441,997   $ 350,766   $ 337,672   $ 293,825   $ 285,093  
   
 
 
 
 
 
Fixed Charges:                                
Interest expense, including amortization of debt issuance costs   $ 81,578   $ 76,144   $ 100,837   $ 65,382   $ 60,327  
Estimated interest factor of rental expense     10,038     9,826     9,278     7,903     6,970  
   
 
 
 
 
 
  Fixed Charges   $ 91,616   $ 85,970   $ 110,115   $ 73,285   $ 67,297  
   
 
 
 
 
 
Ratio of Earnings to Fixed Charges(1)     4.82     4.08     3.07     4.01     4.24  
   
 
 
 
 
 
Rent expense     62,739     61,410     57,989     49,396     43,563  
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.



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