EXHIBIT 12
CENTRAL GARDEN & PET COMPANY
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
Fiscal Year Ended | ||||||||||||||||
September 25, 2004 |
September 24, 2005 |
September 30, 2006 |
September 29, 2007 |
September 27, 2008 |
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Income (loss) before income taxes, cumulative effect of accounting change, and income (loss) of equity method investees |
$ | 64,319 | $ | 79,469 | $ | 99,132 | $ | 51,270 | $ | (359,571 | ) | |||||
Fixed charges (1) |
19,157 | 24,582 | 42,912 | 52,093 | 40,394 | |||||||||||
Earnings |
83,476 | 104,051 | 142,044 | 103,363 | (319,177 | ) | ||||||||||
Fixed charges (1) |
$ | 19,157 | $ | 24,582 | $ | 42,912 | $ | 52,093 | $ | 40,394 | ||||||
Earnings to fixed charges excess (deficiency) |
$ | 64,319 | $ | 79,469 | $ | 99,132 | $ | 51,270 | $ | (359,571 | ) | |||||
Ratio of earnings to fixed charges (2) |
4.36 | 4.23 | 3.31 | 1.98 | N/A | |||||||||||
(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 year ended September 27, 2008, earnings were insufficient to cover fixed charges by approximately $363.5 million, and the ratio is not meaningful. |