Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - MANTECH INTERNATIONAL CORP | d10k.htm |
| EX-32 - EXHIBIT 32 - MANTECH INTERNATIONAL CORP | dex32.htm |
| EX-31.2 - EXHIBIT 31.2 - MANTECH INTERNATIONAL CORP | dex312.htm |
| EX-23.1 - EXHIBIT 23.1 - MANTECH INTERNATIONAL CORP | dex231.htm |
| EX-21.1 - EXHIBIT 21.1 - MANTECH INTERNATIONAL CORP | dex211.htm |
| EX-31.1 - EXHIBIT 31.1 - MANTECH INTERNATIONAL CORP | dex311.htm |
| EXCEL - IDEA: XBRL DOCUMENT - MANTECH INTERNATIONAL CORP | Financial_Report.xls |
EXHIBIT 12.1
Ratio of Earnings to Fixed Charges
The following table provides our consolidated ratios of earnings to fixed charges (in thousands except ratios):
| Year Ended December 31, | ||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
| Fixed Charges: |
||||||||||||||||||||
| Interest expense (1) |
$ | 12,233 | $ | 1,141 | $ | 3,978 | $ | 5,103 | $ | 2,375 | ||||||||||
| Amortized premiums, discounts and capitalized expenses related to indebtedness (2) |
937 | 300 | 280 | 393 | 83 | |||||||||||||||
| Estimate of the interest within rental expense (3) |
15,957 | 17,128 | 17,791 | 10,921 | 9,199 | |||||||||||||||
| Total Fixed Charges |
$ | 29,127 | $ | 18,569 | $ | 22,049 | $ | 16,417 | $ | 11,657 | ||||||||||
| Earnings: |
||||||||||||||||||||
| Pre-tax income from continuing operations before income or loss from equity investees (4) |
$ | 202,451 | $ | 178,508 | $ | 149,959 | $ | 110,125 | $ | 90,421 | ||||||||||
| Fixed charges |
29,127 | 18,569 | 22,049 | 16,417 | 11,657 | |||||||||||||||
| Distributed income of equity investees (4) |
0 | 0 | 0 | 0 | 0 | |||||||||||||||
| Total Earnings |
$ | 231,578 | $ | 197,077 | $ | 172,008 | $ | 126,542 | $ | 102,078 | ||||||||||
| Ratio of Earnings to Fixed Charges |
8.0 | 10.6 | 7.8 | 7.7 | 8.8 | |||||||||||||||
| (1) | Interest expense consists of interest on indebtedness. |
| (2) | Represents the amortization of financing costs incurred in connection with the Company’s credit agreements. |
| (3) | The proportion of rental expense deemed to be representative of the interest factor is one third. |
| (4) | Equity Investees are investments accounted for using the equity method of accounting. |