Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - Allegiant Travel CO | algt2017q3doc.htm |
| EX-32 - EXHIBIT 32 - Allegiant Travel CO | a2017q3exhibit32.htm |
| EX-31.2 - EXHIBIT 31.2 - Allegiant Travel CO | a2017q3exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - Allegiant Travel CO | a2017q3exhibit311.htm |
Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except for ratio)
Nine Months Ended September 30, | |||
2017 | |||
Earnings: | |||
Income before income taxes | $ | 179,115 | |
Add: Fixed Charges | 32,415 | ||
Add: Amortization of capitalized interest | 127 | ||
Less: Interest capitalized | 3,010 | ||
Less: Earnings from joint venture, net | 132 | ||
Total earnings | $ | 208,515 | |
Fixed charges: | |||
Interest costs (1) | $ | 30,342 | |
Interest factor of operating lease expense (2) | 2,073 | ||
Total fixed charges | $ | 32,415 | |
Ratio of earnings to fixed charges (3) | 6.43 | ||
(1) | Interest costs include both interest expensed and capitalized, including amortization of deferred financing costs and original issue discount on debt. |
(2) | Interest factor of operating lease expense is based on an estimate which the Company considers to be a reasonable approximation. |
(3) | The ratio of earnings to fixed charges was computed by dividing earnings by fixed charges. |