EXHIBIT 12 CENTRAL GARDEN & PET COMPANY COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES (dollars in thousands)
September 27, September 26 September 25, September 30, September 29, 1997 1998 1999 2000 2001 ------------- ------------ ------------- ------------- ------------- Income (loss) before income taxes ...................... $ 30,368 $ 58,095 $ 43,733 $ (6,598) $(10,961) Fixed charges(1) ....................................... 7,609 8,807 13,755 24,841 24,863 ------------- ------------ ------------- ------------- ------------- Total earnings and fixed charges .................... 37,977 66,902 57,488 18,243 13,902 Fixed charges(1) ....................................... $ 7,609 $ 8,807 $ 13,755 $ 24,841 $ 24,863 Ratio of earnings to fixed charges ..................... 4.99 7.60 4.18 0.73 0.56 ============= ============ ============= ============= =============
(1) Fixed charges consist of interest expense incurred and the portion of rental expense under operating leases deemed by the Company to be representative of the interest factor.