Exhibit 12.1
ESTERLINE TECHNOLOGIES CORPORATION
(In thousands)
Statement of Computation of Ratio of Earnings to Fixed Charges
2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||
Income from continuing operations | $ | 143,533 | $ | 158,482 | $ | 154,749 | $ | 118,334 | $ | 136,929 | ||||||||||
Fixed charges1 | ||||||||||||||||||||
Interest expense | 46,238 | 40,216 | 33,181 | 28,689 | 29,922 | |||||||||||||||
Interest included in | 5,958 | 5,166 | 4,611 | 5,299 | 5,193 | |||||||||||||||
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Total Fixed Charges | $ | 52,196 | $ | 45,382 | $ | 37,792 | $ | 33,988 | $ | 35,115 | ||||||||||
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Earnings2 | $ | 195,729 | $ | 203,864 | $ | 192,541 | $ | 152,322 | $ | 172,044 | ||||||||||
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Ratio of earnings available to | 3.7 | 4.5 | 5.1 | 4.5 | 4.9 |
1 | Fixed charges consist of interest on indebtedness and amortization of debt issuance cost plus that portion of lease rental expense representative of the interest factor. |
2 | Earnings consist of income from continuing operations before income taxes plus fixed charges. |