Exhibit 12.1
Paperweight Development Corp. and Subsidiaries
Statement of Computation of Ratio of Earnings to Fixed Charges
(unaudited)
| (Successor Basis) | Predecessor Basis | ||||||||||||||||||||||||||
| Nine Months Ended | 2004 | 2003 | 2002 | For the Period | For the Period | 2000 | |||||||||||||||||||||
| October 2, 2005 | October 3, 2004 | ||||||||||||||||||||||||||
Net earnings from continuing operations | $ | (2,342 | ) | $ | (24,001 | ) | $ | (25,031 | ) | $ | 11,159 | $ | 10,092 | $ | 7,616 | $ | 37,183 | $ | 66,161 | ||||||||
Add: Income tax expense | (1,497 | ) | (1,428 | ) | 249 | 83 | 503 | 117 | 20,625 | 32,874 | |||||||||||||||||
Add: Interest expense | 37,261 | 37,848 | 49,595 | 54,160 | 68,354 | 10,638 | 25,441 | 43,244 | |||||||||||||||||||
Minority interest in net earnings of subsidiaries | — | — | — | — | — | — | — | 1,230 | |||||||||||||||||||
Portion of rent deemed interest factor | 2,344 | 2,637 | 3,347 | 2,662 | 2,930 | 386 | 2,485 | 3,394 | |||||||||||||||||||
Total earnings available for fixed charges | $ | 35,766 | $ | 15,056 | $ | 28,160 | $ | 68,064 | $ | 81,879 | $ | 18,757 | $ | 85,734 | $ | 146,903 | |||||||||||
Fixed charges: | |||||||||||||||||||||||||||
Interest expense | $ | 37,261 | $ | 37,848 | $ | 49,595 | $ | 54,160 | $ | 68,354 | $ | 10,638 | $ | 25,441 | $ | 43,244 | |||||||||||
Portion of rent deemed interest factor | 2,344 | 2,637 | 3,347 | 2,662 | 2,930 | 386 | 2,485 | 3,394 | |||||||||||||||||||
Total fixed charges | $ | 39,605 | $ | 40,485 | $ | 52,942 | $ | 56,822 | $ | 71,284 | $ | 11,024 | $ | 27,926 | $ | 46,638 | |||||||||||
Ratio of earnings to fixed charges | 0.9 | 0.4 | 0.5 | 1.2 | 1.1 | 1.7 | 3.1 | 3.1 | |||||||||||||||||||