EXHIBIT 12.1
Jarden Corporation
Computation of Ratio of Earnings to Fixed Charges
(in millions)
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FOR THE THREE MONTHS
FOR THE YEAR ENDED DECEMBER 31, ENDED MARCH 31,
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ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL PRO FORMA ACTUAL PRO FORMA
1997 1998 1999 2000 2001 2001 2002 2002
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Earnings:
Net income (loss) $ 14.8 $ 15.7 $ 29.2 $ 4.9 $ (85.4) $ 20.3 $ 7.2 $ 8.6
Plus:
Income tax provision
(benefit) 10.6 10.8 19.5 2.4 (40.4) 10.9 (4.3) (3.4)
Minority interest in gain
(loss) of consolidated
subsidiary (0.3) 0.2
Extraordinary loss from
early extinguishment of debt
(net of income taxes) 1.0
Fixed charges 2.7 2.3 9.6 13.3 13.4 22.4 1.5 4.8
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Numerator-earnings available
for fixed charges $ 28.1 $ 28.8 $ 59.3 $ 20.3 $(112.2) $ 53.6 $ 4.4 $ 10.0
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Fixed charges:
Interest component of rental
expense $ 0.4 $ 0.5 $ 1.2 $ 1.4 $ 1.6 $ 2.4 $ 0.3 $ 0.3
Interest expense
2.3 1.8 8.4 11.9 11.8 20.0 1.2 4.5
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Denominator-fixed charges $ 2.7 $ 2.3 $ 9.6 $ 13.3 $ 13.4 $ 22.4 $ 1.5 $ 4.8
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Ratio of earnings to fixed
charges 10.5 12.4 6.2 1.5 * 2.4 3.0 2.1
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* For the actual year ended December 31, 2001, the calculated ratio of earnings
to fixed charges is less than one-to-one and represents a deficiency of
approximately $125.6 million.