STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES -------------------------------------------------------------------------------------------------- FOR THE THREE MONTHS FOR THE YEAR ENDED DECEMBER 31, ENDED MARCH 31, -------------------------------------------------------------------------------------------------- 1999 2000 2001 2002 2003 2004 -------------------------------------------------------------------------------------------------- Income from continuing operations before provision for income taxes $15,800 $ 18,087 $22,891 $37,391 $31,209 $20,805 Fixed charges: Interest expense and amortization of debt discount and premium on all indebtedness 310 2,214 4,201 1,690 4,892 2,069 Interest factor on rental expense 384 508 709 1,005 946 296 -------------------------------------------------------------------------------------------------- Total fixed charges 694 2,722 4,910 2,695 5,838 2,365 -------------------------------------------------------------------------------------------------- Income from continuing operations before provision for income taxes, plus total fixed charges $16,494 $20,809 $27,801 $40,086 $37,047 $23,170 -------------------------------------------------------------------------------------------------- Ratio of earnings to fixed charges 23.8 7.6 5.7 14.9 6.3 9.8 ==================================================================================================
Armor Holdings Payroll Services Inactive
Filed: 26 May 04, 12:00am