EX-12.1 2 a2229531zex-12_1.htm EX-12.1

Exhibit 12.1

 

Vista Outdoor Inc.

 

Statement Re: Computation of Ratio of Earnings to Fixed Charges

 

 

 

Quarter
Ended

 

Fiscal Year Ended March 31,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

July 3,
2016

 

2016

 

2015

 

2014

 

2013

 

2012

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before interest and income taxes

 

$

59,102

 

$

262,758

 

$

184,154

 

$

233,807

 

$

101,455

 

$

30,304

 

Plus fixed charges

 

12,472

 

26,057

 

32,653

 

17,484

 

930

 

819

 

Earnings

 

$

71,574

 

$

288,815

 

$

216,807

 

$

251,291

 

$

102,385

 

31,123

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

11,963

 

$

24,351

 

$

30,108

 

$

15,469

 

$

(7

)

$

(3

)

Estimated interest factor of rental expense

 

509

 

1,706

 

2,545

 

2,015

 

937

 

822

 

Fixed Charges

 

$

 12,472

 

$

 26,057

 

$

 32,653

 

$

 17,484

 

$

 930

 

819

 

Ratio of Earnings to Fixed Charges (2)

 

5.74

 

11.08

 

6.64

 

14.37

 

110.09

 

38.0

 

 

(l) For periods prior to February 9, 2015 interest expense represents an allocation from OrbitalATK of interest expense and was not representative of the future interest expense of the Company

 

(2) 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.