EX-12 7 a07-14662_1ex12.htm EX-12

Exhibit 12

Alliant Techsystems Inc.

Statement Re: Computation of Ratio of Earnings to

Fixed Charges

(Dollars in thousands)

 

 

Fiscal Year Ended March 31,

 

 

 

2007

 

2006

 

2005

 

2004

 

2003

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes and minority interest

 

$

264,796

 

$

227,557

 

$

220,540

 

$

217,796

 

$

197,477

 

Plus fixed charges

 

85,970

 

110,115

 

73,285

 

67,297

 

85,147

 

Earnings

 

$

350,766

 

$

337,672

 

$

293,825

 

$

285,093

 

$

282,624

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense, including amortization of debt issuance costs

 

$

76,144

 

$

100,837

 

$

65,382

 

$

60,327

 

$

79,495

 

Estimated interest factor of rental expense

 

9,826

 

9,278

 

7,903

 

6,970

 

5,652

 

Fixed Charges

 

$

85,970

 

$

110,115

 

$

73,285

 

$

67,297

 

$

85,147

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges (1)

 

4.08

 

3.07

 

4.01

 

4.24

 

3.32

 

 

 

 

 

 

 

 

 

 

 

 

 

Rent expense

 

61,410

 

57,989

 

49,396

 

43,563

 

35,326

 

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.