Exhibit 12.1
Prestige Brands Holdings, Inc.
Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 48,528 | $ | 52,734 | $ | (200,420 | ) | $ | 49,583 | $ | 49,172 | |||||||||
Fixed charges | 27,589 | 23,184 | 28,781 | 38,265 | 40,664 | |||||||||||||||
Earnings (loss) available for fixed charges | $ | 76,117 | $ | 75,918 | $ | (171,639 | ) | $ | 87,848 | $ | 89,836 | |||||||||
Interest expense on long term debt | $ | 25,573 | $ | 21,021 | $ | 26,431 | $ | 35,920 | $ | 38,330 | ||||||||||
Capitalized fees on long term debt | 1,745 | 1,915 | 2,148 | 2,148 | 2,148 | |||||||||||||||
Estimated interest on rent expense (b) | 271 | 248 | 202 | 197 | 186 | |||||||||||||||
Total Fixed Charges | $ | 27,589 | $ | 23,184 | $ | 28,781 | $ | 38,265 | $ | 40,664 | ||||||||||
Ratio of Earnings to Fixed Charges | 2.76 | x | 3.27 | x | (a) | 2.3 | x | 2.21 | x |
(a) | For the year ended March 31, 2009, earnings were insufficient to cover fixed charges primarily due to a non-cash impairment charge against goodwill and intangible assets of $249 million. The deficiency for the year ended March 31, 2009 required to restore the ratio to 1:1 was $200,420. |
(b) | For the purpose of calculating interest on rent expense the company used a reasonable approximation of the interest factor. |