JARDEN CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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FOR THE SIX
MONTHS ENDED
FOR THE YEAR ENDED DECEMBER 31, JUNE 30,
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ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL
1998 1999 2000 2001 2002 2003
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Earnings:
Net income (loss) $15.7 $29.2 $4.9 $(85.4) $36.3 $14.2
Plus:
Income tax provision
(benefit) 10.8 19.5 2.4 (40.4) 16.2 9.1
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 2.3 9.6 13.3 13.4 14.3 8.7
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Numerator - earnings
available for fixed charges $28.8 $59.3 $20.3 $(112.2) $66.8 $32.0
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Fixed charges:
Interest component of rental
expense $ 0.5 $ 1.2 $1.4 $1.6 $1.7 $0.5
Interest expense 1.8 8.4 11.9 11.8 12.6 8.2
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Denominator - fixed charges $ 2.3 $ 9.6 $13.3 $13.4 $14.3 $8.7
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Ratio of earnings to fixed
charges 12.4 6.2 1.5 N/M* 4.7 3.7
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* Not meaningful.