Stanley, Inc. - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - May 20, 2010

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10-K - 10-K - Stanley, Inc.a2198875z10-k.htm
EX-23.1 - EXHIBIT 23.1 - Stanley, Inc.a2198875zex-23_1.htm
EX-31.2 - EXHIBIT 31.2 - Stanley, Inc.a2198875zex-31_2.htm
EX-32.1 - EXHIBIT 32.1 - Stanley, Inc.a2198875zex-32_1.htm
EX-21.1 - EXHIBIT 21.1 - Stanley, Inc.a2198875zex-21_1.htm
EX-31.1 - EXHIBIT 31.1 - Stanley, Inc.a2198875zex-31_1.htm

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EXHIBIT 12.1


STANLEY, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands, except ratio of earnings to fixed charges)

        The following table sets forth our consolidated ratios of earnings to fixed charges for the periods shown. Currently, we have no shares of preferred stock outstanding and have not paid any dividends on preferred stock in the periods shown. Therefore, the ratio of earnings to combined fixed charges and preferred stock dividends is not different from the ratio of earnings to fixed charges.

 
   Fiscal year ended March 31,  
 
   2010   2009   2008   2007   2006  

Fixed charges:

                                
 

Interest expense

     3,152     5,095     3,875     6,002     2,468  
 

Amortization of deferred financing costs

     708     606     375     339     44  
 

Interest within rental expense(1)

     4,584     4,106     2,906     2,270     1,698  
                       
   

Total fixed charges

     8,444     9,807     7,156     8,611     4,210  

Earnings:

                                
 

Income before income taxes

     75,959     61,284     44,135     18,181     13,958  
 

Fixed charges included in earnings

     8,444     9,807     7,156     8,611     4,210  
                       
   

Earnings available before fixed charges

     84,403     71,091     51,291     26,792     18,168  
                       

Ratio of earnings to fixed charges

     10.0     7.2     7.2     3.1     4.3  
                       
(1)
Interest within rental expense represents one-third of rental expense (the approximate portion of rental expense representing interest).



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STANLEY, INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (in thousands, except ratio of earnings to fixed charges)

Stanley, Inc. Reports

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