EX-12 3 y95639exv12.txt COMPUTATION OF 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, ---------------------------------------------------------------------- 1999 2000 2001 2002 2003 ------------ ----------- ----------- ---------- ---------- Earnings: Income before taxes and minority interests $ 17,380 $ 13,539 $ 18,793 $ 27,234 $ 27,327 Add: fixed charges 29,998 29,847 28,355 26,205 31,031 Deduct: interest capitalized (223) (981) ------------ ----------- ----------- ---------- ---------- Earnings, as adjusted $ 47,378 $ 43,163 $ 46,167 $ 53,439 $ 58,358 ============ =========== =========== ========== ========== Computation of fixed charges: Interest, expensed and capitalized $ 26,985 $ 26,834 $ 25,205 $ 21,970 $ 26,609 Interest portion of rent expense 3,013 3,013 3,150 4,235 4,422 ------------ ----------- ----------- ---------- ---------- Total fixed charges $ 29,998 $ 29,847 $ 28,355 $ 26,205 $ 31,031 ============ =========== =========== ========== ========== Ratio of earnings to fixed charges 1.6x 1.4x 1.6x 2.0x 1.9x