EX-12.1 3 d229763dex121.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

 

$203,864 $203,864 $203,864 $203,864 $203,864
     2011            2010            2009            2008            2007  

Income from continuing operations
before income taxes

    $ 158,482             $ 154,749             $ 118,334             $ 136,929             $ 107,470   

Fixed charges 1

               

Interest expense

      40,216               33,181               28,689               29,922               35,298   

Interest included in
rental expense

      5,166               4,611               5,299               5,193               3,651   

 

  

Total

    $ 45,382             $ 37,792             $ 33,988             $ 35,115             $ 38,949   

 

  

Earnings 2

    $       203,864             $       192,541             $       152,322             $       172,044             $       146,419   

 

  

Ratio of earnings available to
cover fixed charges

      4.5               5.1               4.5               4.9               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.