EX-12.1
Published on June 11, 2015
EXHIBIT 12.1
CENTRAL GARDEN & PET COMPANY
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
| Fiscal Year Ended | Six Months Ended March 28, 2015 |
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September 25, 2010 |
September 24, 2011 |
September 29, 2012 |
September 28, 2013 |
September 27, 2014 |
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| Income (loss) before income taxes, and income (loss) of equity method investees |
$ | 76,192 | $ | 47,850 | $ | 34,764 | $ | (3,185 | ) | $ | 14,019 | $ | 28,986 | |||||||||||
| Fixed charges (1) |
34,672 | 38,918 | 41,162 | 44,038 | 43,608 | 22,819 | ||||||||||||||||||
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| Total earnings and fixed charges |
110,864 | 86,768 | 75,926 | 40,853 | 57,627 | 51,805 | ||||||||||||||||||
| Fixed charges (1) |
$ | 34,672 | $ | 38,918 | $ | 41,162 | $ | 44,038 | $ | 43,608 | $ | 22,819 | ||||||||||||
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| Earnings to fixed charges excess (deficiency) |
$ | 76,192 | $ | 47,850 | $ | 34,764 | $ | (3,185 | ) | $ | 14,019 | |||||||||||||
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| Ratio of earnings to fixed charges (2) |
3.20 | 2.23 | 1.84 | N/M | 1.32 | 2.27 | ||||||||||||||||||
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| (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. |