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TRIUMPH GROUP, INC.
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
| | Six Months Ended September 30, 2009 | Fiscal year ended March 31, | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||
EARNINGS AS DEFINED | ||||||||||||||||||||
Income from continuing operations, before income taxes | $ | 64,210 | $ | 135,865 | $ | 106,383 | $ | 74,004 | $ | 50,867 | $ | 25,664 | ||||||||
Fixed charges | 14,499 | 26,334 | 27,646 | 22,111 | 16,703 | 17,119 | ||||||||||||||
TOTAL EARNINGS, AS DEFINED | $ | 78,709 | $ | 162,199 | $ | 134,029 | $ | 96,115 | $ | 67,570 | $ | 42,783 | ||||||||
FIXED CHARGES, AS DEFINED | ||||||||||||||||||||
Interest expense | $ | 8,171 | $ | 13,388 | $ | 14,351 | $ | 12,572 | $ | 11,753 | $ | 11,970 | ||||||||
Interest portion of rental expenses | 2,494 | 5,054 | 5,154 | 4,603 | 4,202 | 4,372 | ||||||||||||||
Amortization of capitalized expenses related to debt | 840 | 1,685 | 2,289 | 2,287 | 748 | 777 | ||||||||||||||
Accretion of debt discount | 2,994 | 6,207 | 5,852 | 2,649 | — | — | ||||||||||||||
TOTAL FIXED CHARGES, AS DEFINED | $ | 14,499 | $ | 26,334 | $ | 27,646 | $ | 22,111 | $ | 16,703 | $ | 17,119 | ||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 5.4 | 6.2 | 4.8 | 4.3 | 4.0 | 2.5 | ||||||||||||||
TRIUMPH GROUP, INC. Computation of Ratio of Earnings to Fixed Charges (in thousands)