EXHIBIT 12
CENTRAL GARDEN & PET COMPANY
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
Fiscal Year Ended | |||||||||||||||||
September 30, 2000 |
September 29, 2001 |
September 28, 2002 |
September 27, 2003 |
September 25, 2004 | |||||||||||||
Income (loss) before income taxes, cumulative effect of accounting change, and income (losses) associated with equity investees |
$ | (10,607 | ) | $ | (9,021 | ) | $ | 44,156 | $ | 53,139 | $ | 64,319 | |||||
Fixed charges (1) |
24,841 | 24,863 | 15,689 | 20,552 | 19,157 | ||||||||||||
Earnings |
14,234 | 15,842 | 59,845 | 73,691 | 83,476 | ||||||||||||
Fixed charges (1) |
$ | 24,841 | $ | 24,863 | $ | 15,689 | $ | 20,552 | $ | 19,157 | |||||||
Ratio of earnings to fixed charges |
| | 3.81 | 3.59 | 4.36 | ||||||||||||
(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) | In the fiscal years ended September 30, 2000 and September 29, 2001, our fixed charges exceeded the sum of our earnings and fixed charges by $10.6 million and $9.0 million, respectively. |