EX-12 3 exhibit12.txt RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12 ---------- Amscan Holdings, Inc. Ratio of earnings to fixed charges (In thousands, except ratio data)
Years Ended December 31, ------------------------------------------------------ 2002 2001 2000 1999 1998 -------- -------- -------- -------- --------- Earnings: Income before taxes and minority interests $ 27,234 $ 18,793 $ 13,539 $ 17,380 $ 11,604 Add: fixed charges ...................... 26,205 28,355 29,847 29,998 26,313 Deduct: interest capitalized ............. (981) (223) -------- ------ -------- -------- -------- Earnings, as adjusted .................... $ 53,439 $ 46,167 $ 43,163 $ 47,378 $ 37,917 ======== ======== ======== ======== ======== Computation of fixed charges: Interest, expensed and capitalized .... $ 21,970 $ 25,205 $ 26,834 $ 26,985 $ 23,779 Interest portion of rent expense ...... 4,235 3,150 3,013 3,013 2,534 -------- -------- -------- -------- -------- Total fixed charges .................. $ 26,205 $ 28,355 $ 29,847 $ 29,998 $ 26,313 ======== ======== ======== ======== ========= Ratio of earnings to fixed charges 2.0 x 1.6 x 1.5 x 1.6 x 1.4 x