ARMOR HOLDINGS, INC.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
FOR THE YEAR ENDED DECEMBER 31,
1999 2000 2001 2002 2003
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(IN THOUSANDS, EXCEPT FOR THE RATIO OF EARNINGS TO FIXED CHARGES)
Income from continuing operations before provision for
income taxes $ 15,800 $ 18,087 $ 22,891 $ 37,391 $ 31,209
Fixed Charges
Interest expense and amortization of debt discount
and premium on all indebtedness 310 2,214 4,201 1,690 4,892
Interest factor of rental expense 384 508 709 1,005 946
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Total fixed charges 694 2,722 4,910 2,695 5,838
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Income from continuing operations before provision for
income taxes, plus total fixed charges $ 16,494 $ 20,809 $ 27,801 $ 40,086 $ 37,047
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Ratio of earnings to fixed charges 23.8 7.6 5.7 14.9 6.3
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