Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - Allegiant Travel CO | Financial_Report.xls |
| 10-K - FORM 10-K - Allegiant Travel CO | algt201410kdoc.htm |
| EX-32 - EXHIBIT 32 - Allegiant Travel CO | a201410kexhibit32.htm |
| EX-23.1 - EXHIBIT 23.1 - Allegiant Travel CO | a201410kexhibit231.htm |
| EX-31.2 - EXHIBIT 31.2 - Allegiant Travel CO | a201410kexhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - Allegiant Travel CO | a201410kexhibit311.htm |
| EX-21.1 - EXHIBIT 21.1 - Allegiant Travel CO | a201410kexhibit211.htm |
Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except for ratios)
For the Year Ended December 31, | |||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income before income taxes | $ | 137,131 | $ | 146,680 | $ | 124,647 | $ | 79,514 | $ | 103,332 | |||||||||
Add: Fixed Charges | 21,208 | 13,625 | 11,294 | 10,020 | 5,508 | ||||||||||||||
Add: Amortization of capitalized interest | 141 | 139 | 83 | — | — | ||||||||||||||
Less: Interest capitalized | — | 123 | 498 | 405 | — | ||||||||||||||
Less: Earnings (loss) from joint venture, net | 217 | 393 | 99 | 9 | 14 | ||||||||||||||
Less: pre-tax net loss attributable to noncontrolling interest | (386 | ) | (494 | ) | (183 | ) | — | — | |||||||||||
Total earnings | $ | 158,508 | $ | 160,422 | $ | 135,610 | $ | 89,120 | $ | 108,826 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest expense (1) | $ | 21,205 | $ | 9,493 | $ | 8,739 | $ | 7,175 | $ | 2,522 | |||||||||
Interest factor of operating lease expense (2) | 2,822 | 4,132 | 2,555 | 2,845 | 2,986 | ||||||||||||||
Total fixed charges | $ | 21,208 | $ | 13,625 | $ | 11,294 | $ | 10,020 | $ | 5,508 | |||||||||
Ratio of earnings to fixed charges (3) | 7.47 | 11.77 | 12.01 | 8.89 | 19.76 | ||||||||||||||
(1) | Interest expense includes both expensed and capitalized, including amortization of deferred financing costs and original issue discount on debt. |
(2) | Interest factor of operating lease expense is based on an estimate which the Company considers to be a reasonable approximation. |
(3) | The ratios of earning to fixed charges were computed by dividing earnings by fixed charges. |