EXHIBIT 12.1
CENTRAL GARDEN & PET COMPANY
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
Fiscal Year Ended | ||||||||||||||||||||||||
Three Months Ended December 24, 2011 | September 24, 2011 | September 25, 2010 | September 26, 2009 | September 27, 2008 | September 29, 2007 | |||||||||||||||||||
Income (loss) before income taxes, and income (loss) of equity method investees | $ | (20,791 | ) | $ | 47,850 | $ | 76,192 | $ | 103,893 | $ | (360,454 | ) | $ | 54,700 | ||||||||||
Fixed charges (1) | 9,787 | 38,918 | 34,672 | 23,820 | 40,394 | 52,093 | ||||||||||||||||||
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Earnings | (11,004 | ) | 86,768 | 110,864 | 127,713 | (320,060 | ) | 106,793 | ||||||||||||||||
Fixed charges (1) | $ | 9,787 | $ | 38,918 | $ | 34,672 | $ | 23,820 | $ | 40,394 | $ | 52,093 | ||||||||||||
Earnings to fixed charges excess (deficiency) | $ | (20,791 | ) | $ | 47,850 | $ | 76,192 | $ | 103,893 | $ | (360,454 | ) | $ | 54,700 | ||||||||||
Ratio of earnings to fixed charges (2) | N/A | 2.23 | 3.20 | 5.36 | N/A | 2.05 | ||||||||||||||||||
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(1) | Fixed charges consist of interest expense, the portion of rental expense under operating leases deemed by management to be representative of the interest factor and amortization of deferred financing costs. |
(2) | For the fiscal year ended September 27, 2008, earnings were insufficient to cover fixed charges by approximately $360.5 million, and the ratio is not considered meaningful. For the fiscal quarter ended December 24, 2011, earnings were insufficient to cover fixed charges by approximately $20.8 million, and the ratio for that three-month period is not considered meaningful. |