EX-12 6 a2193190zex-12.htm EXHIBIT 12

Exhibit 12

 

Alliant Techsystems Inc.

Statement Re: Computation of Ratio of Earnings to Fixed Charges

(Dollars in thousands)

 

 

 

Fiscal Year Ended March 31,

 

 

 

2009

 

2008

 

2007

 

2006

 

2005

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes and minority interest

 

$

321,970

 

$

350,381

 

$

264,796

 

$

227,557

 

$

220,540

 

Plus fixed charges

 

74,286

 

91,616

 

85,970

 

110,115

 

73,285

 

Earnings

 

$

396,256

 

$

441,997

 

$

350,766

 

$

337,672

 

$

293,825

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense, including amortization of debt issuance costs

 

$

63,392

 

$

81,578

 

$

76,144

 

$

100,837

 

$

65,382

 

Estimated interest factor of rental expense

 

10,894

 

10,038

 

9,826

 

9,278

 

7,903

 

Fixed Charges

 

$

74,286

 

$

91,616

 

$

85,970

 

$

110,115

 

$

73,285

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges (1)

 

5.33

 

4.82

 

4.08

 

3.07

 

4.01

 

 

 

 

 

 

 

 

 

 

 

 

 

Rent expense

 

68,086

 

62,739

 

61,410

 

57,989

 

49,396

 

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.