EX-12.1 4 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

 

     2010      2009      2008      2007      2006  

Income from continuing operations
before income taxes

    $     154,749       $     118,334       $     136,929       $     107,470       $     66,436   

Fixed charges 1

               

Interest expense

      33,181         28,689         29,922         35,298         21,288   

Amortization of debt
issuance cost

      0         0         0         0         172   

Interest included in
rental expense

      4,611         5,299         5,193         3,651         2,665   
   

Total

    $ 37,792       $ 33,988       $ 35,115       $ 38,949       $ 24,125   
   

Earnings 2

    $ 192,541       $ 152,322       $ 172,044       $ 146,419       $ 90,561   
   

Ratio of earnings available to
cover fixed charges

      5.1         4.5         4.9         3.8         3.8   

 

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.