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DeCrane Aircraft Holdings, Inc.
Computation of Earnings to Fixed Charges Ratios
| | | Year Ended December 31, | 1998 | ||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Six Months Ended June 30, | |||||||||||||||||||||||||
| | | | | Four Months Ended December 31, 1998 | Eight Months Ended August 31, 1998 | ||||||||||||||||||||
| 2003 | 2002 | 2002 | 2001 | 2000 | 1999 | ||||||||||||||||||||
| (Successor) | (Predecessor) | ||||||||||||||||||||||||
| (In thousands) | | ||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||
Income (loss) from continuing operations before provision for income taxes, cumulative effect of change in accounting principle and extraordinary item | $ | (53,659 | ) | $ | (8,345 | ) | $ | (10,383 | ) | $ | (21,481 | ) | $ | 9,936 | $ | (8,050 | ) | $ | (4,992 | ) | $ | (6,151 | ) | |||
Fixed charges | 12,820 | 12,595 | 26,403 | 30,638 | 28,212 | 16,622 | 4,867 | 941 | ||||||||||||||||||
Total earnings (loss) | $ | (40,839 | ) | $ | 4,250 | $ | 16,020 | $ | 9,157 | $ | 38,148 | $ | 8,572 | $ | (125 | ) | $ | (5,210 | ) | |||||||
Fixed Charges: | ||||||||||||||||||||||||||
Interest expense, including amortization of debt discounts and issuance costs (1) | $ | 12,337 | $ | 12,082 | $ | 25,376 | $ | 29,645 | $ | 27,181 | $ | 15,889 | $ | 4,672 | $ | 512 | ||||||||||
Interest component of rentals (2) | 483 | 513 | 1,027 | 993 | 1,031 | 733 | 195 | 429 | ||||||||||||||||||
Total fixed charges | $ | 12,820 | $ | 12,595 | $ | 26,403 | $ | 30,638 | $ | 28,212 | $ | 16,622 | $ | 4,867 | $ | 941 | ||||||||||
Ratio of Earnings to Fixed Charges: | ||||||||||||||||||||||||||
Ratio | — | — | — | — | 1.4 | x | — | — | — | |||||||||||||||||
Deficiency | $ | 53,659 | $ | 8,345 | $ | 10,383 | $ | 21,481 | $ | — | $ | 8,050 | $ | 4,992 | $ | 6,151 |
- (1)
- None capitalized.
- (2)
- Reflects one-third of rental expense under operating leases considered to represent interest costs.