Exhibit 12.1
CIRCOR International, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in Thousands)
Year Ended December 31, | Nine Months Ended October 3, | |||||||||||||||||||||||
2005 | 2006 | 2007 | 2008 | 2009 | 2010 | |||||||||||||||||||
Income (loss) from continuing operations, before income taxes | $ | 30,051 | $ | 42,259 | $ | 55,023 | $ | (40,718) | $ | 3,084 | $ | 2,887 | ||||||||||||
Fixed Charges | ||||||||||||||||||||||||
Interest Expense | 3,389 | 5,546 | 3,394 | 1,170 | 1,535 | 2,036 | ||||||||||||||||||
Estimate of Interest within Rental Expense | 200 | 212 | 264 | 280 | 264 | 177 | ||||||||||||||||||
Total Fixed charges | $ | 3,589 | $ | 5,758 | $ | 3,658 | $ | 1,450 | $ | 1,799 | $ | 2,213 | ||||||||||||
Income (loss) from continuing operations, before income taxes plus fixed charges | $ | 33,640 | $ | 48,017 | $ | 58,681 | $ | (39,268 | ) | $ | 4,883 | $ | 5,100 | |||||||||||
Ratio of earnings to fixed charges (1) | 9.4 | 8.3 | 16.0 | (27.1 | ) | 2.7 | 2.3 | |||||||||||||||||
Coverage deficiency | $ | — | $ | — | $ | — | $ | 40,718 | $ | — | $ | — | ||||||||||||
(1) | For the purposes of calculating the ratio of earnings to fixed charges, “earnings” consists of income (loss) from continuing operations before income taxes increased by fixed charges. “Fixed charges” consists of interest expense including an estimate of the interest within rental expense. Earnings were insufficient to cover fixed charges in the fiscal year ended December 31, 2008. |