EXHIBIT 12
Published on November 29, 2017
EXHIBIT 12
CENTRAL GARDEN & PET COMPANY
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
Fiscal Year Ended |
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September 30, 2017 |
September 24, 2016 |
September 26, 2015 |
September 27, 2014 |
September 28, 2013 |
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Income (loss) before income taxes, and income (loss) of equity method investees |
$ |
129,977 |
$ |
70,375 |
$ |
51,675 |
$ |
14,019 |
$ |
(3,185 |
) |
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Fixed charges (1) |
29,647 |
43,807 |
40,847 |
43,608 |
44,038 |
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Earnings |
159,624 |
114,182 |
92,522 |
57,627 |
40,853 |
|||||||||||||||
Fixed charges (1) |
$ |
29,647 |
$ |
43,807 |
$ |
40,847 |
$ |
43,608 |
$ |
44,038 |
||||||||||
Earnings to fixed charges excess (deficiency) |
$ |
129,977 |
$ |
70,375 |
$ |
51,675 |
$ |
14,019 |
$ |
(3,185 |
) |
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Ratio of earnings to fixed charges (2) |
5.4 |
2.6 |
2.3 |
1.3 |
N/M |
(1) |
Fixed charges consist of interest expense, the portion of rental expense under operating leases deemed by management to be representative of the interest factor and amortization of deferred financing costs. |
(2) |
For the fiscal year ended September 28, 2013, earnings were insufficient to cover fixed charges by approximately $3.2 million, and the ratio is not meaningful. |