EXHIBIT 12.1
Jarden Corporation
Computation of Ratio of Earnings to Fixed Charges
(in millions)
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FOR THE NINE
MONTHS ENDED
FOR THE YEAR ENDED DECEMBER 31, SEPTEMBER 30,
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1997 1998 1999 2000 2001 2002
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Earnings:
Net income (loss) $14.8 $15.7 $29.2 $ 4.9 $ (85.4) $27.0
Plus:
Income tax provision
(benefit) 10.6 10.8 19.5 2.4 (40.4) 9.7
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 10.2
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Numerator-earnings available
for fixed charges $28.1 $28.8 $59.3 $20.3 $(112.2) $46.9
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Fixed charges:
Interest component of rental
expense $ 0.4 $ 0.5 $ 1.2 $ 1.4 1.6 $ 1.4
Interest expense 2.3 1.8 8.4 11.9 11.8 8.8
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Denominator-fixed charges $ 2.7 $ 2.3 $ 9.6 $13.3 $ 13.4 $10.2
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Ratio of earnings to fixed
charges 10.5 12.4 6.2 1.5 * 4.6
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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.