EX-12.1 4 dex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS STATEMENT OF COMPUTATION OF RATIO OF EARNINGS

Exhibit 12.1

ESTERLINE TECHNOLOGIES CORPORATION

(In thousands)

Statement of Computation of Ratio of Earnings to Fixed Charges

 

     2009    2008    2007    2006    2005

Income from continuing
operations before
income taxes

    $     120,924    $     140,455    $     110,480    $     70,386    $     64,136

Fixed charges 1

               

Interest expense

      28,689      29,922      35,299      21,288      18,157

Amortization of debt
issuance cost

      —      —      —      172      56

Interest included in
rental expense

      5,310      5,211      4,134      3,089      2,734
 

Total

    $ 33,999    $ 35,133    $ 39,433    $ 24,549    $ 20,947
 

Earnings 2

    $ 154,923    $ 175,588    $ 149,913    $ 94,935    $ 85,083
 

Ratio of earnings available to
cover fixed charges

      4.6      5.0      3.8      3.9      4.1

 

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.