EX-12.1 4 d362005dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

ViaSat, Inc.

Computation of Ratio of Earnings to Fixed Charges

 

     Fiscal year ended  

(in thousands, except for ratios)

   March 28,
2008
     April  3,
2009
     April  2,
2010
    April  1,
2011
    March  30,
2012
 

Computation of earnings:

            

Income (loss) attributable to ViaSat, Inc. before income tax expense (benefit)

   $ 47,034       $ 45,125       $ 36,574      $ 36,113      $ (6,155

Fixed charges, as calculated below

     1,373         1,509         17,314        32,822        35,719   

Amortization of capitalized interest

     —           —          —          55        1,768   

Capitalized interest

     —           —           (8,800     (28,300     (25,900
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Total earnings

   $ 48,407       $ 46,634       $ 45,088      $ 40,690        $ 5,432   
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Fixed charges:

            

Interest expense including amortization of debt discount and debt issuance costs

     557         509         7,354        3,154        8,307   

Capitalized interest

     —           —           8,800        28,300        25,900   

Estimated interest within rental expense

     816         1,000         1,160        1,368        1,512   
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Total fixed charges

   $ 1,373       $ 1,509       $ 17,314      $ 32,822      $ 35,719   
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges(1)

     35.26         30.90         2.60        1.24        —     

 

(1) Due to the loss attributable to ViaSat, Inc. before income tax benefit for the fiscal year ended March 30, 2012, the ratio of earnings to fixed charges was less than 1.00. Additional earnings of $30.3 million would have been required to achieve a ratio of 1:1.