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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)
| (Successor) | Jostens, Inc. (Predeccessor) | ||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nine Months Ended | | | | Fiscal Year | |||||||||||||||||||
Dollars in thousands | Fiscal Year 2004 | Five Months Ended January 2, 2004 | Seven Months Ended July 29, 2003 | |||||||||||||||||||||
October 1, 2005 | October 2, 2004 | 2002 | 2001 | 2000 | ||||||||||||||||||||
Earnings | ||||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 65,973 | $ | (31,351 | ) | $ | (137,136 | ) | $ | (69,052 | ) | $ | 11,750 | $ | 64,483 | $ | 45,115 | $ | 5,532 | |||||
Interest expense (excluding capitalized interest) | 79,620 | 117,770 | 143,817 | 66,691 | 32,528 | 68,435 | 79,035 | 60,252 | ||||||||||||||||
Portion of rent expense under long-term operating leases representative of an interest factor | 2,272 | 2,447 | 2,970 | 1,127 | 799 | 1,312 | 1,164 | 1,121 | ||||||||||||||||
Total earnings (loss) | $ | 147,865 | $ | 88,866 | $ | 9,651 | $ | (1,234 | ) | $ | 45,077 | $ | 134,230 | $ | 125,314 | $ | 66,905 | |||||||
Fixed charges | ||||||||||||||||||||||||
Interest expense (including capitalized interest) | $ | 79,620 | $ | 117,770 | $ | 143,817 | $ | 66,691 | $ | 32,528 | $ | 68,435 | $ | 79,035 | $ | 60,252 | ||||||||
Portion of rent expense under long-term operating leases representative of an interest factor | 2,272 | 2,447 | 2,970 | 1,127 | 799 | 1,312 | 1,164 | 1,121 | ||||||||||||||||
Total fixed charges | $ | 81,892 | $ | 120,217 | $ | 146,787 | $ | 67,818 | $ | 33,327 | $ | 69,747 | $ | 80,199 | $ | 61,373 | ||||||||
Ratio of earnings to fixed charges | 1.8 | 0.7 | (1) | 0.1 | (2) | (0.0 | )(3) | 1.4 | 1.9 | 1.6 | 1.1 |
- (1)
- Earnings did not cover fixed charges by $31.4 million.
- (2)
- Earnings did not cover fixed charges by $137.1 million.
- (3)
- Earnings did not cover fixed charges by $69.1 million.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)