Exhibit 12
VANGENT, INC.
COMPUTATION OF RATIOS
(dollars in thousands)
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| Predecessor Period |
| Successor |
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| Three Months ended |
| January 1, 2007 to |
| February 15, 2007 to |
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| Year Ended December 31 |
| April 1, |
| February 14, |
| March 31, |
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|
| 2003 |
| 2004 |
| 2005 |
| 2006 |
| 2006 |
| 2007 |
| 2007 |
|
Income (loss) before income taxes |
| $22,874 |
| $46,740 |
| $40,901 |
| $45,805 |
| $8,351 |
| $(667 | ) | $(7,503 | ) |
Fixed charges included in income before income taxes: |
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Interest Expense |
| 343 |
| 434 |
| 910 |
| 892 |
| 254 |
| 34 |
| 4,765 |
|
Interest portion of rental expense |
| 2,540 |
| 2,419 |
| 4,220 |
| 5,375 |
| 1,226 |
| 713 |
| 604 |
|
Total fixed charges |
| 2,883 |
| 2,853 |
| 5,130 |
| 6,267 |
| 1,480 |
| 747 |
| 5,369 |
|
Total earnings available for fixed charges |
| $25,757 |
| $49,593 |
| $46,031 |
| $52,072 |
| $9,831 |
| $80 |
| $(2,134 | ) |
Ratio of earnings to fixed charges (1) (2) |
| 8.9 |
| 17.4 |
| 9.0 |
| 8.3 |
| 6.6 |
| NM |
| NM |
|
(1) In calculating the ratio of earnings to fixed charges, earnings consist of income before income taxes plus fixed charges. Fixed charges consist of interest expense and one third of rent expense we believe to be representative of the interest factored in such rentals.
(2) For the predecessor period from January 1, 2007 through February 14, 2007 and the successor period February 15, 2007 through March 31, 2007, a deficiency in earnings to fixed charges existed of $667 and $7,503, respectively.
