EX-12.1.UNBURIED 8 j3132_ex12d1dunburied.htm EX-12.1.UNBURIED Exhibit 12

Exhibit 12.1

DeCrane Aircraft Holdings, Inc.

Computation of Earnings to Fixed Charges Ratios

(dollars in thousands)

 

 

 

Year Ended December 31,

 

 

 

 

 

 

 

 

 

1998

 

 

 

 

 

 

 

 

 

 

 

Four Months Ended December 31, 1998

 

Eight Months  Ended

August 31, 1998

 

 

 

 

 

2001

 

2000

 

1999

 

 

 

1997

 

 

 

 

 

(Successor)

 

 

 

(Predecessor)

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before provision for income taxes and extraordinary item

 

$

(12,814

)

$

9,884

 

$

(3,418

)

$

(2,992

)

$

6,081

 

$

8,598

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Minority interest in income of subsidiary with fixed charges

 

148

 

228

 

197

 

82

 

48

 

112

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

40,410

 

42,923

 

29,123

 

7,217

 

3,117

 

3,842

 

Total earnings

 

$

27,744

 

$

53,035

 

$

25,902

 

$

4,307

 

$

9,246

 

$

12,552

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense, including amortization of debt discounts and issuance costs (1)

 

$

39,001

 

$

41,623

 

$

27,918

 

$

6,852

 

$

2,350

 

$

3,154

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest component of rentals (2)

 

1,409

 

1,300

 

1,205

 

365

 

767

 

688

 

Total fixed charges

 

$

40,410

 

$

42,923

 

$

29,123

 

$

7,217

 

$

3,117

 

$

3,842

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio

 

 

1.2

 

 

3.0

x

3.3

Deficiency

 

$

12,666

 

$

 

$

3,221

 

$

2,910

 

$

 

$

 


(1)       None capitalized.

(2)       Reflects one-third of rental expense under operating leases considered to represent interest costs.