Attached files
| file | filename |
|---|---|
| S-1 - AEROFLEX INC | v198376_s1.htm |
| EX-5.1 - AEROFLEX INC | v198376_ex5-1.htm |
| EX-3.40 - AEROFLEX INC | v198376_ex3-40.htm |
| EX-3.45 - AEROFLEX INC | v198376_ex3-45.htm |
| EX-3.44 - AEROFLEX INC | v198376_ex3-44.htm |
| EX-3.35 - AEROFLEX INC | v198376_ex3-35.htm |
| EX-3.43 - AEROFLEX INC | v198376_ex3-43.htm |
| EX-23.2 - AEROFLEX INC | v198376_ex23-2.htm |
| EX-21.1 - AEROFLEX INC | v198376_ex21-1.htm |
| EX-3.41 - AEROFLEX INC | v198376_ex3-41.htm |
| EX-3.42 - AEROFLEX INC | v198376_ex3-42.htm |
Exhibit
12.1
COMPUTATION
OF RATIO OF EARNINGS TO FIXED CHARGES
(In
thousands, except ratios)
|
Successor
|
Predecessor | |||||||||||||||
|
Year
Ended
June
30,
2010
|
Year
Ended
June
30,
2009
|
Period
August
15,
2007
through
June
30,
2008
|
Period
July
1,
2007
through
August
14,
2007
|
|||||||||||||
|
Earnings:
|
||||||||||||||||
|
Income
(loss) from continuing operations before income taxes
|
$
|
(11,449
|
)
|
$
|
(92,020
|
)
|
$
|
(139,531
|
)
|
$
|
(21,239
|
)
|
||||
|
Add: fixed
charges
|
86,713
|
86,277
|
76,810
|
584
|
||||||||||||
|
Total
adjusted earnings (loss)
|
$
|
75,264
|
$
|
(5,743
|
)
|
$
|
(62,721
|
)
|
$
|
(20,655
|
)
|
|||||
|
Fixed
Charges:
|
||||||||||||||||
|
Interest
expense
|
$
|
79,177
|
$
|
79,052
|
$
|
71,144
|
$
|
58
|
||||||||
|
Amortization
of deferred financing costs
|
4,771
|
4,771
|
3,514
|
217
|
||||||||||||
|
Rentals
at computed interest factor (1)
|
2,765
|
2,454
|
2,152
|
309
|
||||||||||||
|
Total
fixed charges
|
$
|
86,713
|
$
|
86,277
|
$
|
76,810
|
$
|
584
|
||||||||
|
Ratio
of Earnings to Fixed Charges*
|
0.9
|
x
|
*
|
*
|
*
|
|||||||||||
|
(1)
|
Amounts
represent one-third of rent expense, which we believe to be representative
of the interest factored in these
rentals.
|
|
*
The deficit of earnings to fixed charges was 11.4 million for the
year ended June 30, 2010, $92.0 million for the year ended June
30, 2009, $139.5 million for the period August 15, 2007 through June 30,
2008 and $21.2 million for the period July 1, 2007 through August 14,
2007.
|