United Maritime Group, LLC - FORM 10-K - EX-12.1 - STATEMENT OF COMPUTATION OF RAIO OF EARNINGS TO FIXED CHARGES - March 30, 2011

Attached files

file filename
EX-31.1 - CERTIFICATE OF THE PRINCIPAL EXECUTIVE OFFICER OF THE COMPANY - United Maritime Group, LLCdex311.htm
10-K - FORM 10-K - United Maritime Group, LLCd10k.htm
EX-32.2 - WRITTEN STATEMENT OF JASON GRANT, CHIEF FINANCIAL OFFICER OF THE COMPANY - United Maritime Group, LLCdex322.htm
EX-10.20 - PROFIT UNIT AGREEMENT BY AND AMONG UNITED MARITIME GROUP, LLC AND JOHN BINION - United Maritime Group, LLCdex1020.htm
EX-31.2 - CERTIFICATE OF THE PRINCIPAL FINANCIAL OFFICER OF THE COMPANY - United Maritime Group, LLCdex312.htm
EX-10.19 - EMPLOYMENT AGREEMENT BY AND AMONG UNITED MARITIME GROUP, LLC AND JOHN BINION - United Maritime Group, LLCdex1019.htm
EX-10.21 - JOINDER AGREEMENT BY AND AMONG UNITED MARITIME GROUP, LLC AND JOHN BINION - United Maritime Group, LLCdex1021.htm
EX-32.1 - WRITTEN STATEMENT OF STEVEN GREEN, CHIEF EXECUTIVE OFFICER OF THE COMPANY - United Maritime Group, LLCdex321.htm

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In thousands of dollars)

 

      Predecessor     Successor  
      Year Ended
December 31,		      Period From
January 1 to
December 3,		     Period From
December 4 to
December 31,		      Year Ended December 31,  
          
      2006      2007     2007      2007      2008      2009     2010  

Income (loss) before tax provision

      33,692         32,134        549         32,683         5,945         (27,174 )      (17,081 ) 
                                                            

Fixed charges

                     

Interest expense

      4,499         4,813        2,451         7,264         27,446         39,172        26,464   

Amortization of deferred financing fees

      —           —          145         145         1,941         1,772        2,142   

Lease and charter

      4,161         4,213        417         4,631         5,195         4,753        5,661   
                                                            

Total fixed charges

      8,660         9,026        3,013         12,040         34,582         45,697        34,267   

Income before tax provision plus fixed charges

      42,352         41,160        3,562         44,723         40,527         18,523        17,186   

Ratio of earnings to fixed charges (a)

      4.9         4.6        1.2         3.7         1.2         0.4        0.5   

 

(a) Ratio of earnings to fixed charges is calculated by dividing earnings by fixed charges. For this purpose, “earnings” are defined as net income (loss) before taxes plus fixed charges. For this purpose, “fixed charges” consist of interest expense, amortization of deferred financing costs, and one third of lease expense.

United Maritime Group, LLC Reports

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