EX-12 7 est-x12.htm EXHIBIT 12.1

Exhibit 12.1

ESTERLINE TECHNOLOGIES CORPORATION
(In thousands)

Statement of Computation of Ratio of Earnings to Fixed Charges

 

2003

  

2002

  

2001

  

2000

  

1999
 

 

 

 

 

                   

Income from continuing

                  

  operations before income taxes

$42,791

  

$41,745

  

$67,067

  

$45,308

  

$46,583
                   

Fixed charges 1

                  

    Interest expense

11,995

  

7,122

  

7,663

  

8,124

  

9,011

    Amortization of debt issuance

                  

      cost

703

  

167

  

178

  

116

  

107

    Interest included in rental expense

2,398

  

2,164

  

2,035

  

1,957

  

1,549
 

 

 

 

 

                   

        Total

15,096

  

9,453

  

9,876

  

10,197

  

10,667
                   

Earnings 2

$57,887

  

$51,198

  

$76,943

  

$55,505

  

$57,250
                   

Ratio of earnings available to cover

                  

  fixed charges

3.8

  

5.4

  

7.8

  

5.4

  

5.4
   

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.

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