Silgan (SLGN) 10-K 2010 FY Annual report

EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth Silgan Holdings Inc.’s computation of its ratio of earnings to fixed charges for the periods indicated.

	Years Ended December 31,
	2010(a)		2009(a)		2008		2007		2006(a)
	(Dollars in thousands)
Earnings before fixed charges:
Income before income taxes	$	221,680	$	247,599	$	193,574	$	199,825	$	149,480
Interest and other debt expense		61,639		50,999		60,160		66,003		59,397
Interest portion of rental expense		522		435		1,318		2,004		1,741
Earnings before fixed charges	$	283,841	$	299,033	$	255,052	$	267,832	$	210,618
Fixed charges:
Interest and other debt expense	$	61,639	$	50,999	$	60,160	$	66,003	$	59,397
Interest portion of rental expense		522		435		1,318		2,004		1,741
Capitalized interest		847		379		1,990		2,553		1,721
Total fixed charges	$	63,008	$	51,813	$	63,468	$	70,560	$	62,859
Ratio of earnings to fixed charges		4.50		5.77		4.02		3.80		3.35

(a) Interest and other debt expense in 2010, 2009 and 2006 includes a loss on early extinguishment of debt of $7.5 million, $1.3 million and $0.2 million, respectively.