Exhibit 12.1
Cable Design Technologies Corporation
Years Ended July 31, |
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Description |
1999 |
2000 |
2001 |
2002 |
2003 |
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(dollars in thousands) | ||||||||||||||||
Fixed Charges |
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1. Interest expensed and capitalized |
$ | 13,530 | $ | 12,295 | $ | 9,448 | $ | 6,914 | $ | 5,495 | ||||||
2. Amortization of deferred financing expenses |
338 | 390 | 387 | 431 | 1,350 | |||||||||||
3. An estimate of the interest factor in rental expense |
1,249 | 1,333 | 1,480 | 1,901 | 1,797 | |||||||||||
Total Fixed Charges |
$ | 15,117 | $ | 14,018 | $ | 11,315 | $ | 9,246 | $ | 8,642 | ||||||
Earnings |
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1. Pre-tax income (loss) from continuing operations before minority interests |
$ | 45,668 | $ | 75,815 | $ | 38,083 | $ | 9,691 | $ | (1,152 | ) | |||||
2. Fixed charges |
15,117 | 14,018 | 11,315 | 9,246 | 8,642 | |||||||||||
3. Amortization of Capitalized Interest (less interest capitalized) |
5 | 8 | 8 | 8 | 8 | |||||||||||
Total Earnings |
$ | 60,790 | $ | 89,841 | $ | 49,406 | $ | 18,945 | $ | 7,498 | ||||||
Ratio of Earnings to Fixed Charges |
4.02x | 6.41x | 4.37x | 2.05x | — | (a) | ||||||||||
(a) | For the year ended July 31, 2003, fixed charges exceeded earnings by approximately $1.1 million. |