EX-12 2 y07341exv12.txt STATMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12 AMSCAN HOLDINGS, INC. RATIO OF EARNINGS TO FIXED CHARGES (IN THOUSANDS, EXCEPT RATIO DATA)
EIGHT MONTHS FOUR MONTHS YEARS ENDED DECEMBER 31, ENDED ENDED ------------------------------------------------------------------------------- DECEMBER 31, APRIL 30, 1999 2000 2001 2002 2003 2004 2004 ------- ------- ------- ------- ------- ------- ------- Earnings: Income (loss) before taxes and minority interests $17,380 $13,539 $18,793 $27,234 $27,327 $14,380 $(1,395) Add: fixed charges 29,998 29,847 28,355 26,205 31,031 21,674 9,800 Deduct: interest capitalized (223) (981) ------- ------- ------- ------- ------- ------- ------- Earnings, as adjusted $47,378 $43,163 $46,167 $53,439 $58,358 $36,054 $ 8,405 ======= ======= ======= ======= ======= ======= ======= Computation of fixed charges: Interest, expensed and capitalized $26,985 $26,834 $25,205 $21,970 $26,609 $19,137 $ 8,494 Interest portion of rent expense 3,013 3,013 3,150 4,235 4,422 2,537 1,306 ------- ------- ------- ------- ------- ------- ------- Total fixed charges $29,998 $29,847 $28,355 $26,205 $31,031 $21,674 $ 9,800 ======= ======= ======= ======= ======= ======= ======= Ratio of earnings to fixed charges 1.6x 1.4x 1.6x 2.0x 1.9x 1.7 0.9x