Exhibit 12.1
TRIUMPH GROUP, INC.
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
|
| Three Months |
| Fiscal year ended March 31, |
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|
| 2010 |
| 2010 |
| 2009 |
| 2008 |
| 2007 |
| 2006 |
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EARNINGS AS DEFINED |
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Income from continuing operations, before income taxes |
| $ | 21,059 |
| $ | 126,455 |
| $ | 135,865 |
| $ | 106,383 |
| $ | 74,004 |
| $ | 50,867 |
|
Fixed charges |
| 13,515 |
| 35,296 |
| 26,334 |
| 27,646 |
| 22,111 |
| 16,703 |
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TOTAL EARNINGS, AS DEFINED |
| $ | 34,574 |
| $ | 161,751 |
| $ | 162,199 |
| $ | 134,029 |
| $ | 96,115 |
| $ | 67,570 |
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FIXED CHARGES, AS DEFINED |
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Interest expense |
| $ | 9,752 |
| $ | 21 915 |
| $ | 13,388 |
| $ | 14,351 |
| $ | 12,572 |
| $ | 11,753 |
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Interest portion of rental expenses |
| 1,346 |
| 5,234 |
| 5,054 |
| 5,154 |
| 4,603 |
| 4,202 |
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Amortization of capitalized expenses related to debt |
| 753 |
| 1,951 |
| 1,685 |
| 2,289 |
| 2,287 |
| 748 |
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Accretion of debt discount |
| 1,664 |
| 6,196 |
| 6,207 |
| 5,852 |
| 2,649 |
| — |
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TOTAL FIXED CHARGES, AS DEFINED |
| $ | 13,515 |
| $ | 35,296 |
| $ | 26,334 |
| $ | 27,646 |
| $ | 22,111 |
| $ | 16,703 |
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RATIO OF EARNINGS TO FIXED CHARGES |
| 2.6 |
| 4.6 |
| 6.2 |
| 4.8 |
| 4.3 |
| 4.0 |
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