EXHIBIT 12
CENTRAL GARDEN & PET COMPANY
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
Fiscal Year Ended | |||||||||||||||
September 27, 2003 |
September 25, 2004 |
September 24, 2005 |
September 30, 2006 |
September 29, 2007 | |||||||||||
Income before income taxes, cumulative effect of accounting change, and income (loss) of equity method investees |
$ | 53,139 | $ | 64,319 | $ | 79,469 | $ | 99,132 | $ | 51,270 | |||||
Fixed charges (1) |
20,552 | 19,157 | 24,582 | 42,912 | 52,093 | ||||||||||
Earnings |
73,691 | 83,476 | 104,051 | 142,044 | 103,363 | ||||||||||
Fixed charges (1) |
$ | 20,552 | $ | 19,157 | $ | 24,582 | $ | 42,912 | $ | 52,093 | |||||
Ratio of earnings to fixed charges |
3.59 | 4.36 | 4.23 | 3.31 | 1.98 | ||||||||||
(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. |