EXHIBIT 12
CENTRAL GARDEN & PET COMPANY
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
| Fiscal Year Ended | ||||||||||||||||||||
| September 27, 2014 |
September 28, 2013 |
September 29, 2012 |
September 24, 2011 |
September 25, 2010 |
||||||||||||||||
| Income (loss) before income taxes, and income (loss) of equity method investees |
$ | 14,019 | $ | (3,185 | ) | $ | 34,764 | $ | 47,850 | $ | 76,192 | |||||||||
| Fixed charges (1) |
43,608 | 44,038 | 41,162 | 38,918 | 34,672 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Earnings |
57,627 | 40,853 | 75,926 | 86,768 | 110,864 | |||||||||||||||
| Fixed charges (1) |
$ | 43,608 | $ | 44,038 | $ | 41,162 | $ | 38,918 | $ | 34,672 | ||||||||||
| Earnings to fixed charges excess (deficiency) |
$ | 14,019 | $ | (3,185 | ) | $ | 34,764 | $ | 47,850 | $ | 76,192 | |||||||||
| Ratio of earnings to fixed charges (2) |
1.32 | N/M | 1.84 | 2.23 | 3.20 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| (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 fiscal year ended September 28, 2013, earnings were insufficient to cover fixed charges by approximately $3.2 million, and the ratio is not meaningful. |