Silgan (SLGN) 10-K 2011 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,
	2011(a)		2010(a)		2009(a)		2008		2007
	(Dollars in thousands)
Earnings before fixed charges:
Income before income taxes	$	290,167	$	221,680	$	247,599	$	193,574	$	199,825
Interest and other debt expense		63,954		61,639		50,999		60,160		66,003
Interest portion of rental expense		912		522		435		1,318		2,004
Earnings before fixed charges	$	355,033	$	283,841	$	299,033	$	255,052	$	267,832
Fixed charges:
Interest and other debt expense	$	63,954	$	61,639	$	50,999	$	60,160	$	66,003
Interest portion of rental expense		912		522		435		1,318		2,004
Capitalized interest		688		847		379		1,990		2,553
Total fixed charges	$	65,554	$	63,008	$	51,813	$	63,468	$	70,560
Ratio of earnings to fixed charges		5.42		4.50		5.77		4.02		3.80

(a) Interest and other debt expense in 2011, 2010 and 2009 includes a loss on early extinguishment of debt of $1.0 million, $7.5 million and $1.3 million, respectively.