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Previous: CONDOR SYSTEMS INC, S-1/A, EX-10.3.2, 2000-07-19 |
Next: CONDOR SYSTEMS INC, S-1/A, EX-23.2, 2000-07-19 |
<TABLE>
EXHIBIT 12.1
Condor Systems Inc.
Ratio of Earnings to Fixed Charges
Pursuant to Item 503
Regulation S-K
Three Months
Years ended December 31, Ended March 31,
------------------------ ---------------
Description 1995 1996 1997 1998 1999 1999 2000
----------- ---- ---- ---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C> <C> <C>
Income (loss) before income taxes 5,266 (14,950) (5,407) 4,262 (10,761) 127 (4,152)
Interest expense 813 1,287 5,311 6,734 11,521 1,499 3,767
Amortization of deferred financing costs -- -- 377 681 536 192 113
Amortization of debt discount -- -- -- 239 64 48 --
Lease rental expense representative of interest 492 419 450 571 687 152 264
------ ------ ------ ------ ------ ------ ------
Earnings before fixed charges 6,571 (13,244) 731 12,487 2,047 2,018 (8)
====== ====== ====== ====== ====== ====== ======
Fixed Charges
Interest expense 813 1,287 5,311 6,734 11,521 1,499 3,767
Amortization of deferred financing costs -- -- 377 681 536 192 113
Amortization of debt discount -- -- -- 239 64 48 --
Lease rental expense representative of interest 492 419 450 571 687 152 264
------ ------ ------ ------ ------ ------ ------
Total Fixed Charges 1,305 1,706 6,138 8,225 12,808 1,891 4,144
====== ====== ====== ====== ====== ====== ======
Ratio of earnings to fixed charges 5.0 N/A 0.1 1.5 0.2 1.1 N/A
Deficiency in earnings (13,244) (8)
</TABLE>
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