EXHIBIT 12.1
Jarden Corporation
Ratio of Earnings to Fixed Charges Calculation
For the Years Ended December 31, | |||||||||||||||
2002 | 2003 | 2004 | 2005 | 2006 | |||||||||||
Earnings Before Fixed Charges: | |||||||||||||||
Net income | $ | 36.3 | $ | 31.8 | $ | 42.4 | $ | 60.7 | $ | 106.0 | |||||
Add: Income tax provision | 16.2 | 20.5 | 26.0 | 35.0 | 82.0 | ||||||||||
Less/add: Equity (income) loss of minority-owned companies | — | — | — | — | — | ||||||||||
Add: Extraordinary loss from early extinguishment of debt (net of income taxes) | — | — | — | 6.1 | — | ||||||||||
Add: Amortization of capitalized interest | — | — | — | — | — | ||||||||||
Add: Fixed charges | 14.3 | 22.4 | 32.2 | 98.1 | 130.8 | ||||||||||
Total earnings available for fixed charges | $ | 66.8 | $ | 74.7 | $ | 100.6 | $ | 199.9 | $ | 318.8 | |||||
Fixed Charges: | |||||||||||||||
Interest expense | $ | 12.6 | $ | 19.2 | $ | 27.6 | $ | 84.3 | $ | 112.6 | |||||
Interest component of rental expense | 1.7 | 3.2 | 4.6 | 13.8 | 17.7 | ||||||||||
Total fixed charges before capitalized interest | 14.3 | 22.4 | 32.2 | 98.1 | 130.3 | ||||||||||
Capitalized interest | — | — | — | — | 0.5 | ||||||||||
Total Fixed Charges | $ | 14.3 | $ | 22.4 | $ | 32.2 | $ | 98.1 | $ | 130.8 | |||||
Ratio of Earnings to Fixed Charges | 4.7 | 3.3 | 3.1 | 2.0 | 2.4 | ||||||||||