Exhibit 12.1
Ducommun Incorporated
Computation of Ratio of Earnings to Fixed Charges
Quarter April 3, | Year Ended December 31, | |||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||
| (in 000’s) | ||||||||||||||||||
Earnings: | ||||||||||||||||||
Net Income | $ | 4,223 | $ | 10,183 | $ | 13,112 | $ | 19,621 | $ | 14,297 | $ | 15,993 | ||||||
+ Income Taxes | 2,080 | 3,577 | 3,937 | 7,634 | 3,791 | 5,127 | ||||||||||||
+ Interest Expense | 552 | 2,643 | 1,771 | 2,675 | 2,786 | 234 | ||||||||||||
+ Estimate of the interest within rental expense | 493 | 1,986 | 1,646 | 1,670 | 1,569 | 938 | ||||||||||||
Total earnings available for fixed charges | $ | 7,348 | $ | 18,389 | $ | 20,466 | $ | 31,600 | $ | 22,443 | $ | 22,292 | ||||||
Fixed Charges: | ||||||||||||||||||
Interest Incurred | $ | 552 | $ | 2,643 | $ | 1,771 | $ | 2,675 | $ | 2,786 | $ | 234 | ||||||
+ Estimate of the interest within rental expense | 493 | 1,986 | 1,646 | 1,670 | 1,569 | 938 | ||||||||||||
Total fixed charges | $ | 1,045 | $ | 4,629 | $ | 3,417 | $ | 4,345 | $ | 4,355 | $ | 1,172 | ||||||
Ratio of Earnings to Fixed Charges | 7.03 | 3.97 | 5.99 | 7.27 | 5.15 | 19.02 | ||||||||||||
