Attached files
Exhibit 12.1
ESTERLINE TECHNOLOGIES CORPORATION
(In thousands)
Statement of Computation of Ratio of Earnings to Fixed Charges
2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||
Income from continuing |
$ | 120,924 | $ | 140,455 | $ | 110,480 | $ | 70,386 | $ | 64,136 | |||||
Fixed charges 1 |
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Interest expense |
28,689 | 29,922 | 35,299 | 21,288 | 18,157 | ||||||||||
Amortization of debt |
| | | 172 | 56 | ||||||||||
Interest included in |
5,310 | 5,211 | 4,134 | 3,089 | 2,734 | ||||||||||
Total |
$ | 33,999 | $ | 35,133 | $ | 39,433 | $ | 24,549 | $ | 20,947 | |||||
Earnings 2 |
$ | 154,923 | $ | 175,588 | $ | 149,913 | $ | 94,935 | $ | 85,083 | |||||
Ratio of earnings available to |
4.6 | 5.0 | 3.8 | 3.9 | 4.1 |
1 | Fixed charges consist of interest on indebtedness and amortization of debt issuance cost plus that portion of lease rental expense representative of the interest factor. |
2 | Earnings consist of income from continuing operations before income taxes plus fixed charges. |