Exhibit 12.1
Prestige Brands Holdings, Inc.
Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 53,111 | $ | (197,858 | ) | $ | 51,214 | $ | 51,545 | $ | 51,653 | |||||||||
Fixed charges | 23,184 | 28,781 | 38,265 | 40,664 | 37,107 | |||||||||||||||
Earnings (loss) available for fixed charges | $ | 76,295 | $ | (169,077 | ) | $ | 89,479 | $ | 92,209 | $ | 88,760 | |||||||||
Interest expense on long term debt | $ | 21,021 | $ | 26,431 | $ | 35,920 | $ | 38,330 | $ | 34,754 | ||||||||||
Capitalized fees on long term debt | 1,915 | 2,148 | 2,148 | 2,148 | 2,160 | |||||||||||||||
Estimated interest on rent expense (b) | 248 | 202 | 197 | 186 | 193 | |||||||||||||||
Total Fixed Charges | $ | 23,184 | $ | 28,781 | $ | 38,265 | $ | 40,664 | $ | 37,107 | ||||||||||
Ratio of Earning to Fixed Charges | 3.29x | (a) | 2.34x | 2.27x | 2.39x |
(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. | |
(b) | For the purpose of calculating interest on rent expense the company used a reasonable approximation of the interest factor. |