|
|
|
|
|
|
|
|
|
|
Previous: CONDOR SYSTEMS INC, S-1/A, EX-4.5, 2000-10-04 |
Next: CONDOR SYSTEMS INC, S-1/A, EX-23.2, 2000-10-04 |
Exhibit 12.1
Condor Systems Inc.
Ratio of Earnings to Fixed Charges
Pursuant to Item 503
Regulation S-K
<TABLE>
Years ended December 31, Six Months Ended June 30,
---------------------------------------------- -------------------------
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) (9,202) (3,620)
Interest expense 813 1,287 5,311 6,734 11,521 4,302 7,886
Amortization of deferred financing costs - - 377 681 536 384 226
Amortization of debt discount - - - 239 64 96 -
Lease rental expense representative of interest 492 419 450 571 687 318 392
----- ------ ----- ------ ------ ----- -----
Earnings before fixed charges 6,571 (13,244) 731 12,487 2,047 (4,102) 4,884
===== ====== ===== ====== ====== ===== =====
Fixed Charges
Interest expense 813 1,287 5,311 6,734 11,521 4,302 7,886
Amortization of deferred financing costs - - 377 681 536 384 226
Amortization of debt discount - - - 239 64 96 -
Lease rental expense representative of interest 492 419 450 571 687 318 392
----- ------ ----- ------ ------ ----- -----
Total Fixed Charges 1,305 1,706 6,138 8,225 12,808 5,100 8,504
===== ====== ===== ====== ====== ===== =====
Ratio of earnings to fixed charges 5.0 N/A N/A 1.5 N/A N/A N/A
Deficiency in earnings (14,950) (5,407) (10,761) (9,202) (3,620)
</TABLE>
|
|