Exhibit 12.1
Moog Inc.
Ratio of Earnings to Fixed Charges
($ in thousands of U.S. dollars)
Ratio of Earnings to Fixed Charges
($ in thousands of U.S. dollars)
Fiscal | Fiscal | Fiscal | Fiscal | Fiscal | ||||||||||||||||
2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Earnings before income taxes | $ | 94,918 | $ | 83,469 | $ | 58,249 | $ | 52,990 | $ | 42,013 | ||||||||||
Fixed charges included in earnings | 19,645 | 16,560 | 22,809 | 31,794 | 36,975 | |||||||||||||||
Earnings | $ | 114,563 | $ | 100,029 | $ | 81,058 | $ | 84,784 | $ | 78,988 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 13,671 | $ | 11,080 | $ | 17,122 | $ | 26,242 | $ | 32,054 | ||||||||||
Amortization of debt issuance costs | 1,279 | 1,135 | 1,092 | 1,174 | 1,177 | |||||||||||||||
Interest component of rent expense | 4,695 | 4,345 | 4,595 | 4,378 | 3,744 | |||||||||||||||
Fixed charges | $ | 19,645 | $ | 16,560 | $ | 22,809 | $ | 31,794 | $ | 36,975 | ||||||||||
Ratio of Earnings to Fixed Charges | 5.8 | 6.0 | 3.6 | 2.7 | 2.1 | |||||||||||||||