Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - CPI INTERNATIONAL, INC. | cpii_10k-fy10.htm |
| EX-21 - EX-21 - CPI INTERNATIONAL, INC. | ex21.htm |
| EX-24 - EX24.HTM - CPI INTERNATIONAL, INC. | ex24.htm |
| EX-32.1 - EX-32.1 - CPI INTERNATIONAL, INC. | ex32d1.htm |
| EX-31.1 - EX-31.1 - CPI INTERNATIONAL, INC. | ex31d1.htm |
| EX-23.1 - EX-23.1 - CPI INTERNATIONAL, INC. | ex23d1.htm |
| EX-31.2 - EX-31.2 - CPI INTERNATIONAL, INC. | ex31d2.htm |
| EX-32.2 - EX-32.2 - CPI INTERNATIONAL, INC. | ex32d2.htm |
Exhibit 12
CPI INTERNATIONAL, INC.
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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Year Ended
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October 1,
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October 2,
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October 3,
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September 28,
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September 29,
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(dollars in thousands)
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2010
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2009
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2008
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2007
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2006
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Earnings calculation:
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Income before taxes
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$ | 12,361 | $ | 23,248 | $ | 31,253 | $ | 34,251 | $ | 26,277 | ||||||||||
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Add Back: Fixed Charges
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16,046 | 17,846 | 19,888 | 21,572 | 24,406 | |||||||||||||||
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Calculated Earnings
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$ | 28,407 | $ | 41,094 | $ | 51,141 | $ | 55,823 | $ | 50,683 | ||||||||||
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Fixed charges calculation (a)
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Interest expense (b)
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$ | 15,213 | $ | 16,979 | $ | 19,055 | $ | 20,939 | $ | 23,806 | ||||||||||
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Interest expense portion of rental expense
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833 | 867 | 833 | 633 | 600 | |||||||||||||||
| $ | 16,046 | $ | 17,846 | $ | 19,888 | $ | 21,572 | $ | 24,406 | |||||||||||
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Ratio: Earnings / Fixed charges
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1.77 | 2.30 | 2.57 | 2.59 | 2.08 | |||||||||||||||
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(a) Fixed charges exclude capitalized interest; capitalized interest is zero.
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(b) Includes normal debt issue amortization costs, but does not include gain or loss on debt extinguishment.
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Interest expense portion of rental expense:
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Rental expense
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2,500 | 2,600 | 2,500 | 1,900 | 1,800 | |||||||||||||||
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Estimated Interest Cost
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33 | % | 33 | % | 33 | % | 33 | % | 33 | % | ||||||||||
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Calculated total
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833 | 867 | 833 | 633 | 600 | |||||||||||||||