NAI TECHNOLOGIES, INC.
RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS OF DOLLARS)
FIRST QUARTER YEAR ENDED DECEMBER 31,
-------------------------- ----------------------------------------
1995 1996 1991 1992 1993 1994 1995
------- ----- ------ ------ ------ -------- --------
Income (loss from continuing operations).......... ($1,094) ($450) $3,900 $5,051 $5,455 ($11,591) ($11,619)
Income taxes (benefit)............................. 86 135 1,684 2,920 2,840 (4,392) 377
------- ----- ------ ------ ------ -------- --------
Income (loss) from continuing operations before
income taxes..................................... (1,008) (315) 5,584 7,971 8,295 (15,983) (11,242)
------- ----- ------ ------ ------ -------- --------
Add fixed charges:
Interest expense............................... 394 565 782 619 786 1,477 1,662
Deferred debt expense.......................... -- 55 -- -- -- -- 900
------- ----- ------ ------ ------ -------- --------
Total fixed charges................................ 394 620 782 619 786 1,477 2,562
------- ----- ------ ------ ------ -------- --------
Total income (loss) and fixed charges.............. ($ 614) $ 305 $6,366 $8,590 $9,081 ($14,506) ($ 8,680)
------- ----- ------ ------ ------ -------- --------
------- ----- ------ ------ ------ -------- --------
Ratio.............................................. (1.56) 0.49 8.14 13.88 11.55 * *
------- ----- ------ ------ ------ -------- --------
------- ----- ------ ------ ------ -------- --------
- ------------
* Earnings are inadequate to cover fixed charges. The coverage deficiency is
$1,008 for the 1st quarter of 1995, $315 for the 1st quarter of 1996,
$15,983 for 1994 and $11,242 for 1995.