EX-12.1 8 dex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement of Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

ESTERLINE TECHNOLOGIES CORPORATION

(In thousands)

Statement of Computation of Ratio of Earnings to Fixed Charges

 

     2006    2005    2004    2003    2002

Income from continuing operations before income taxes

    $ 73,196    $ 67,670    $ 38,989    $ 40,605    $ 37,588

Fixed charges 1

               

Interest expense

      21,290      18,159      17,336      11,991      7,117

Amortization of debt issuance cost

      172      56      56      703      167

Interest included in rental expense

      3,505      3,137      2,894      2,398      2,164

Total

      24,967      21,352      20,286      15,092      9,448

Earnings 2

    $ 98,163    $ 89,022    $ 59,275    $ 55,697    $ 47,036

Ratio of earnings available to cover fixed charges

      3.9      4.2      2.9      3.7      5.0

 

 

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.