Exhibit 12.1
ESTERLINE TECHNOLOGIES CORPORATION
(In thousands)
Statement of Computation of Ratio of Earnings to Fixed Charges
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Eleven |
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Months |
|
| |
| Twelve Months Ended |
|
| Ended |
|
| ||||||||||||||||||
| 2017 |
|
| 2016 |
|
| 2015 |
|
| 2014 |
|
| 2013 |
|
| 2015 |
|
| ||||||
| (Restated) |
|
| (Restated) |
|
| (Unaudited) (Recast) (Restated) |
|
| (Restated) |
|
|
|
|
|
| (Restated) |
|
| |||||
Earnings from Continuing Operations Before Income Taxes | $ | 153,394 |
|
| $ | 136,025 |
|
| $ | 151,318 |
|
| $ | 211,283 |
|
| $ | 203,658 |
|
| $ | 112,110 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Charges 1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
| 30,208 |
|
|
| 30,091 |
|
|
| 33,114 |
|
|
| 33,010 |
|
|
| 39,637 |
|
|
| 30,090 |
|
|
Interest included in rental expense |
| 6,085 |
|
|
| 6,423 |
|
|
| 6,785 |
|
|
| 5,936 |
|
|
| 5,620 |
|
|
| 6,219 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Fixed Charges |
| 36,293 |
|
|
| 36,514 |
|
|
| 39,899 |
|
|
| 38,946 |
|
|
| 45,257 |
|
|
| 36,309 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings 2 | $ | 189,687 |
|
| $ | 172,539 |
|
| $ | 191,217 |
|
| $ | 250,229 |
|
| $ | 248,915 |
|
| $ | 148,419 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings available to cover fixed charges | 5.2 |
|
| 4.7 |
|
| 4.8 |
|
| 6.4 |
|
| 5.5 |
|
| 4.1 |
|
| ||||||
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 earnings from continuing operations before income taxes plus fixed charges. |
