COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Published on March 14, 2003
EXHIBIT 12.1
CENTRAL GARDEN & PET COMPANY
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
| September 30, 2000 |
September 29, 2001 |
September 28, 2002 |
December 29, 2001 |
December 28, 2002 |
|||||||||||||||
| Income (loss) before income taxes and cumulative effect of accounting change |
($ |
10,607 |
) |
($ |
9,021 |
) |
$ |
44,156 |
($ |
2,030 |
) |
($ |
853 |
) |
|||||
| Fixed charges (1) |
|
24,841 |
|
|
24,863 |
|
|
15,689 |
|
4,168 |
|
|
3,016 |
|
|||||
| Total earnings and fixed charges |
|
14,234 |
|
|
15,842 |
|
|
59,845 |
|
2,138 |
|
|
2,163 |
|
|||||
| Fixed charges (1) |
$ |
24,841 |
|
$ |
24,863 |
|
$ |
15,689 |
$ |
4,168 |
|
$ |
3,016 |
|
|||||
| Ratio of earnings to fixed charges |
|
0.57 |
|
|
0.64 |
|
|
3.81 |
|
0.51 |
|
|
0.72 |
|
|||||
| (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. |
1