Exhibit 12.1
Charles River Laboratories International, Inc.
Ratio of Earnings to Fixed Charges
Fiscal Year Ended | ||||||||||||||||||||||||||||
3 Months Ended March 31, 2012 | 3 Months Ended March 26, 2011 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||||||
(in thousands except ratios) | ||||||||||||||||||||||||||||
Earnings | ||||||||||||||||||||||||||||
Consolidated income from continuing operations before income taxes, minority interests and earnings from equity investments | 35,146 | 32,662 | 132,662 | (334,082 | ) | 151,557 | (471,446 | ) | 205,669 | |||||||||||||||||||
plus fixed charges | 10,105 | 11,917 | 49,143 | 42,880 | 30,829 | 34,461 | 41,588 | |||||||||||||||||||||
plus amortization of capitalized interest | 136 | 134 | 542 | 536 | 515 | 330 | 106 | |||||||||||||||||||||
plus distributed income of equity investees | - | - | - | - | - | - | - | |||||||||||||||||||||
plus pre-tax losses of equity investees where charges from guarantees are included in fixed charges | - | - | - | - | - | - | - | |||||||||||||||||||||
minus income/(loss) from equity method affiliates | (397 | ) | - | (869 | ) | 579 | - | - | - | |||||||||||||||||||
minus interest capitalized | (191 | ) | (92 | ) | (298 | ) | (56 | ) | (2,496 | ) | (5,263 | ) | (8,619 | ) | ||||||||||||||
minus preference security dividend requirements of consolidated subsidiaries | - | - | - | - | - | - | - | |||||||||||||||||||||
minus non-controlling interest in pre-tax income of subsidiaries that have not incurred fixed charges | - | - | - | - | - | - | - | |||||||||||||||||||||
Total Earnings | 44,799 | 44,621 | 181,180 | (290,143 | ) | 180,405 | (441,918 | ) | 238,744 | |||||||||||||||||||
Fixed Charges | ||||||||||||||||||||||||||||
Interest and capitalized interest expense on all indebtedness | 4,281 | 5,778 | 22,874 | 15,558 | 10,380 | 14,134 | 20,196 | |||||||||||||||||||||
plus amortization of deferred financing costs and debt discounts | 4,345 | 4,330 | 20,010 | 19,777 | 13,798 | 13,464 | 12,876 | |||||||||||||||||||||
plus 1/3 of rental expense from operating leases | 1,479 | 1,809 | 6,259 | 7,545 | 6,651 | 6,863 | 8,516 | |||||||||||||||||||||
Total fixed charges | 10,105 | 11,917 | 49,143 | 42,880 | 30,829 | 34,461 | 41,588 | |||||||||||||||||||||
Ratio of earnings to fixed charges | 4.43 | 3.74 | 3.69 | (6.77 | ) | 5.85 | (12.82 | ) | 5.74 |