EXHIBIT 12
CENTRAL GARDEN & PET COMPANY
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
Fiscal Year Ended | ||||||||||||||||||||
September 25, 2010 |
September 26, 2009 |
September 27, 2008 |
September 29, 2007 |
September 30, 2006 |
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Income (loss) before income taxes, and income (loss) of equity method investees |
$ | 76,192 | $ | 103,893 | $ | (360,454 | ) | $ | 54,700 | $ | 101,882 | |||||||||
Fixed charges (1) |
34,672 | 23,820 | 40,394 | 52,093 | 42,912 | |||||||||||||||
Earnings |
110,864 | 127,713 | (320,060 | ) | 106,793 | 144,794 | ||||||||||||||
Fixed charges (1) |
$ | 34,672 | $ | 23,820 | $ | 40,394 | $ | 52,093 | $ | 42,912 | ||||||||||
Earnings to fixed charges excess (deficiency) |
$ | 76,192 | $ | 103,893 | $ | (360,454 | ) | $ | 54,700 | $ | 101,882 | |||||||||
Ratio of earnings to fixed charges (2) |
3.20 | 5.36 | N/A | 2.05 | 3.37 | |||||||||||||||
(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 $360.5 million, and the ratio is not meaningful. |