EXHIBIT 12
CENTRAL GARDEN & PET COMPANY
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
 
 
 
Fiscal Year Ended
 
 
September 24,
2016
 
September 26,
2015
 
September 27,
2014
 
September 28,
2013
 
September 29,
2012
Income (loss) before income taxes, and income (loss) of equity method investees
 
$
70,375

 
$
51,675

 
$
14,019

 
$
(3,185
)
 
$
34,764

Fixed charges (1)
 
43,807

 
40,847

 
43,608

 
44,038

 
41,162

Earnings
 
114,182

 
92,522

 
57,627

 
40,853

 
75,926

Fixed charges (1)
 
$
43,807

 
$
40,847

 
$
43,608

 
$
44,038

 
$
41,162

Earnings to fixed charges excess (deficiency)
 
$
70,375

 
$
51,675

 
$
14,019

 
$
(3,185
)
 
$
34,764

Ratio of earnings to fixed charges (2)
 
2.6

 
2.3

 
1.3

 
N/M

 
1.8

 
(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.