Paperweight Development Corp. and Subsidiaries
Statement of Computation of Ratio of Earnings to Fixed Charges
(unaudited)
| Six Months Ended | |||||||||||||||||||||||||
| (Successor Basis) | (Successor Basis) | Predecessor Basis | |||||||||||||||||||||||
July 4, 2004 | June 29, 2003 | 2003 | 2002 | For the Period November 10, 2001 to December 29, 2001 | For the Period December 31, 2000 to November 9, 2001 | 2000 | 1999 | ||||||||||||||||||
Net earnings from continuing operations | $ | (30,362 | ) | $ | 8,656 | $ | 11,159 | $ | 10,092 | $ | 7,616 | $ | 37,183 | $ | 66,161 | $ | 49,893 | ||||||||
Add: Income tax expense | (1,159 | ) | 551 | 83 | 503 | 117 | 20,625 | 32,874 | 17,715 | ||||||||||||||||
Add: Interest expense | 26,538 | 26,840 | 54,160 | 68,354 | 10,638 | 25,441 | 43,244 | 42,926 | |||||||||||||||||
Minority interest in net earnings of subsidiaries | — | — | — | — | — | — | 1,230 | 4,896 | |||||||||||||||||
Portion of rent deemed interest factor | 1,782 | 1,328 | 2,662 | 2,930 | 386 | 2,485 | 3,394 | 3,448 | |||||||||||||||||
Total earnings available for fixed charges | $ | (3,201 | ) | $ | 37,375 | $ | 68,064 | $ | 81,879 | $ | 18,757 | $ | 85,734 | $ | 146,903 | $ | 118,878 | ||||||||
Fixed charges: | |||||||||||||||||||||||||
Interest expense | 26,538 | 26,840 | 54,160 | 68,354 | 10,638 | 25,441 | 43,244 | 42,926 | |||||||||||||||||
Portion of rent deemed interest factor | 1,782 | 1,328 | 2,662 | 2,930 | 386 | 2,485 | 3,394 | 3,448 | |||||||||||||||||
Total fixed charges | $ | 28,320 | $ | 28,168 | $ | 56,822 | $ | 71,284 | $ | 11,024 | $ | 27,926 | $ | 46,638 | $ | 46,374 | |||||||||
Ratio of earnings to fixed charges | (0.1 | ) | 1.3 | 1.2 | 1.1 | 1.7 | 3.1 | 3.1 | 2.6 | ||||||||||||||||