Vista Outdoor Inc. - FORM 10-K - EX-12 - EXHIBIT 12 - May 17, 2018

Attached files

file filename
EX-32 - EXHIBIT 32 - Vista Outdoor Inc.vsto-3312018xexhibit32.htm
10-K - 10-K - Vista Outdoor Inc.vsto-3312018x10xk.htm
EX-31.2 - EXHIBIT 31.2 - Vista Outdoor Inc.vsto-3312018xexhibit312.htm
EX-31.1 - EXHIBIT 31.1 - Vista Outdoor Inc.vsto-3312018xexhibit311.htm
EX-23 - EXHIBIT 23 - Vista Outdoor Inc.vsto-3312018xexhibit23.htm
EX-21 - EXHIBIT 21 - Vista Outdoor Inc.vsto-3312018xexhibit21.htm
EX-10.3 - EXHIBIT 10.3 - Vista Outdoor Inc.a2ndamendca.htm


Vista Outdoor Inc.
Statement Re: Computation of Ratio of Earnings to Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal Year Ended March 31,
(Dollars in thousands)
 
2018
 
2017
 
2016
 
2015
 
2014
Earnings:
 
 
 
 
 
 
 
 
 
 
Income before interest and income taxes
 
$
(84,575
)
 
$
(207,024
)
 
$
262,758

 
$
184,154

 
$
233,807

Plus fixed charges
 
(49,214
)
 
(38,619
)
 
(22,645
)
 
(27,563
)
 
(13,454
)
Earnings
 
$
(133,789
)
 
$
(245,643
)
 
$
240,113

 
$
156,591

 
$
220,353

 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest expense, including amortization of debt issuance costs (1)
 
$
(49,214
)
 
$
(43,670
)
 
$
(24,351
)
 
$
(30,108
)
 
$
(15,469
)
Estimated interest factor of rental expense
 
—

 
5,051

 
1,706

 
2,545

 
2,015

Fixed Charges
 
$
(49,214
)
 
$
(38,619
)
 
$
(22,645
)
 
$
(27,563
)
 
$
(13,454
)
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges (2)
 
2.72

 
6.36

 
(10.60
)
 
(5.68
)
 
(16.38
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) For periods prior to February 9, 2015 interest expense represents an allocation from OrbitalATK of interest expense and was not representative of the future interest expense of the Company.
(2) For purposes of calculating the ratio of earnings to fixed charges, "earnings" represents income from continuing operations before income taxes, plus fixed charges. "Fixed charges" consist of interest expense, including amortization of debt issuance costs and that portion of rental expense considered to be a reasonable approximation of interest.





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