Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - CPI International Holding Corp. | cpih-2016093010kxxex322.htm |
| EX-32.1 - EXHIBIT 32.1 - CPI International Holding Corp. | cpih-2016093010kxxex321.htm |
| EX-31.2 - EXHIBIT 31.2 - CPI International Holding Corp. | cpih-2016093010kxex312.htm |
| EX-31.1 - EXHIBIT 31.1 - CPI International Holding Corp. | cpih-2016093010kxex311.htm |
| EX-24.1 - EXHIBIT 24.1 - CPI International Holding Corp. | cpih-2016093010kxex241.htm |
| EX-21.1 - EXHIBIT 21.1 - CPI International Holding Corp. | cpih-2016093010kxex211.htm |
| EX-10.3 - EXHIBIT 10.3 - CPI International Holding Corp. | cpih-2016093010kxex103.htm |
| 10-K - 10-K - CPI International Holding Corp. | cpih-2016093010k.htm |
Exhibit 12.1
CPI INTERNATIONAL HOLDING CORP.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollar amounts in thousands - unaudited)
Year Ended | ||||||||||||||||||||||
September 30, 2016 | October 2, 2015 | October 3, 2014 | September 27, 2013 | September 28, 2012 | ||||||||||||||||||
Earnings calculation: | ||||||||||||||||||||||
Income before income taxes | $ | 13,743 | $ | 9,724 | $ | 16,813 | $ | 16,295 | $ | 7,100 | ||||||||||||
Add back: fixed charges | 40,388 | 37,640 | 33,528 | 28,291 | 28,218 | |||||||||||||||||
Calculated earnings | $ | 54,131 | $ | 47,364 | $ | 50,341 | $ | 44,586 | $ | 35,318 | ||||||||||||
Fixed charges calculation (a) | ||||||||||||||||||||||
Interest expense (b) | $ | 39,054 | $ | 36,506 | $ | 32,182 | $ | 27,237 | $ | 27,230 | ||||||||||||
Interest expense portion of rental expense | 1,334 | 1,134 | 1,346 | 1,054 | 988 | |||||||||||||||||
$ | 40,388 | $ | 37,640 | $ | 33,528 | $ | 28,291 | 28,218 | ||||||||||||||
Ratio: earnings / fixed charges | 1.34 | 1.26 | 1.50 | 1.58 | 1.25 | |||||||||||||||||
Interest expense portion of rental expense: | ||||||||||||||||||||||
Rental expense | $ | 4,002 | $ | 3,402 | $ | 4,037 | $ | 3,163 | $ | 2,965 | ||||||||||||
Estimated interest cost | 33 | % | 33 | % | 33 | % | 33 | % | 33 | % | ||||||||||||
Calculated total | $ | 1,334 | $ | 1,134 | $ | 1,346 | $ | 1,054 | $ | 988 | ||||||||||||
(a) | Fixed charges exclude capitalized interest; capitalized interest is zero. | |||||||||||||||||||||
(b) | Includes original issue discount and debt issuance costs amortization, but does not include loss on debt restructuring. | |||||||||||||||||||||