EX-12.1 16 a2040254zex-12_1.txt EXHIBIT 12.1 EXHIBIT 12.1 DECRANE AIRCRAFT HOLDINGS, INC. COMPUTATION OF EARNINGS TO FIXED CHARGES RATIOS (DOLLARS IN THOUSANDS)
YEAR ENDED DECEMBER 31, -------------------------------------------------------------------- 1998 --------------------------- EIGHT MONTHS FOUR MONTHS ENDED ENDED AUGUST 31, DECEMBER 31, 1996 1997 1998 1998 1999 2000 --------- --------- --------- -------- -------- -------- (PREDECESSOR) (SUCCESSOR) EARNINGS: Income (loss) before provision for income taxes and extraordinary item .......... $ (105) $ 8,598 $ 6,081 $ (2,992) $ (3,418) $ 9,884 Minority interest in income of subsidiary with fixed charges .................... 193 112 48 82 197 228 Fixed charges ............................ 4,785 3,842 3,117 7,217 29,123 42,923 --------- --------- --------- -------- -------- -------- Total earnings ........................ $ 4,873 $ 12,552 $ 9,246 $ 4,307 $ 25,902 $ 53,035 ========= ========= ========= ======== ======== ======== FIXED CHARGES: Interest expense, including amortization of debt discounts and issuance costs (1).. $ 4,248 $ 3,154 $ 2,350 $ 6,852 $ 27,918 $ 41,623 Interest component of rentals (2) ....... 537 688 767 365 1,205 1,300 --------- --------- --------- -------- -------- -------- Total fixed charges ................... $ 4,785 $ 3,842 $ 3,117 $ 7,217 $ 29,123 $ 42,923 ========= ========= ========= ======== ======== ======== RATIO OF EARNINGS TO FIXED CHARGES: Ratio .................................... 1.0x 3.3x 3.0x -- -- 1.2x Deficiency ............................... $ -- $ -- $ -- $ 2,910 $ 3,221 $ --
-------------------------- (1) None capitalized (2) Reflects one-third of rental expense under operating leases considered to represent interest costs.