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- S-4 Registration of securities issued in business combination transactions
- 3.19 Exhibit 3.19
- 3.20 Exhibit 3.20
- 3.21 Exhibit 3.21
- 3.22 Exhibit 3.22
- 3.23 Exhibit 3.23
- 3.24 Exhibit 3.24
- 3.25 Exhibit 3.25
- 4.1 Exhibit 4.1
- 5.1 Exhibit 5.1
- 5.2 Exhibit 5.2
- 5.3 Exhibit 5.3
- 5.4 Exhibit 5.4
- 5.5 Exhibit 5.5
- 12.1 Exhibit 12.1
- 23.6 Exhibit 23.6
- 23.7 Exhibit 23.7
- 23.8 Exhibit 23.8
- 23.9 Exhibit 23.9
- 25.1 Exhibit 25.1
- 99.1 Exhibit 99.1
- 99.2 Exhibit 99.2
- 4 Jun 13 Registration of securities issued in business combination transactions
- 25 May 11 Registration of securities issued in business combination transactions (amended)
- 29 Apr 11 Registration of securities issued in business combination transactions
- 6 Aug 09 Registration of securities issued in business combination transactions
Exhibit 12.1
CELLU TISSUE HOLDINGS, INC.
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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| June 13, 2006- |
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| Fiscal Year |
| March 1, 2006- |
| February 28, |
| Fiscal Year |
| Three months ended |
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| 2005 |
| 2006 |
| June 12, 2006 |
| 2007 |
| 2008 |
| 2009 |
| May 29, 2008 |
| May 28, 2009 |
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FIXED CHARGES: |
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Interest expense |
| $ | 17,427,888 |
| $ | 17,076,757 |
| $ | 4,896,355 |
| $ | 11,468,975 |
| $ | 19,870,029 |
| $ | 24,709,461 |
| $ | 4,979,688 |
| $ | 6,506,553 |
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Lease imputed interest |
| 1,253,813 |
| 1,268,023 |
| 309,024 |
| 769,743 |
| 1,070,577 |
| 1,158,027 |
| 289,507 |
| 314,794 |
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Total Fixed Charges |
| $ | 18,681,701 |
| $ | 18,344,780 |
| $ | 5,205,379 |
| $ | 12,238,718 |
| $ | 20,940,606 |
| $ | 25,867,488 |
| $ | 5,269,195 |
| $ | 6,821,347 |
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EARNINGS: |
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Pretax income |
| $ | 3,022,350 |
| $ | (6,144,486 | ) | $ | (8,332,914 | ) | $ | (10,838,850 | ) | $ | (207,658 | ) | $ | 5,948,913 |
| $ | 1,568,440 |
| $ | 6,408,818 |
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Fixed Charges |
| 18,681,701 |
| 18,344,780 |
| 5,205,379 |
| 12,238,718 |
| 20,940,606 |
| 25,867,488 |
| 5,269,195 |
| 6,821,347 |
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Total Earnings |
| $ | 21,704,051 |
| $ | 12,200,294 |
| $ | (3,127,535 | ) | $ | 1,399,868 |
| $ | 20,732,948 |
| $ | 31,816,401 |
| $ | 6,837,635 |
| $ | 13,230,165 |
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Ratio of Earnings to Fixed Charges |
| 1.16 | x | 0.67 | x | (0.60 | )x | 0.11 | x | 0.99 | x | 1.23x |
| 1.30 | x | 1.94 | x |