EX-11 2 y19206exv11.txt STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 11 AMSCAN HOLDINGS, INC. RATIO OF EARNINGS TO FIXED CHARGES (IN THOUSANDS, EXCEPT RATIO DATA)
FOUR MONTHS EIGHT MONTHS YEARS ENDED DECEMBER 31, ENDED ENDED YEAR ENDED --------------------------------------------------------------------------------- APRIL 30, DECEMBER 31, DECEMBER 31, 2000 2001 2002 2003 2004 2004 2005 -------- -------- -------- -------- -------- ------------ ------------ Earnings: Income (loss) before taxes and minority interests $ 13,539 $ 18,793 $ 27,234 $ 27,327 $ (1,395) $ 14,380 $ 17,221 Add: fixed charges 29,847 28,355 26,205 31,031 9,800 21,674 36,230 Deduct: interest capitalized (223) (981) -------- -------- -------- -------- -------- -------- -------- Earnings, as adjusted $ 43,163 $ 46,167 $ 53,439 $ 58,358 $ 8,405 $ 36,054 $ 53,541 ======== ======== ======== ======== ======== ======== ======== Computation of fixed charges: Interest, expensed and capitalized $ 26,834 $ 25,205 $ 21,970 $ 26,609 $ 8,494 $ 19,137 $ 31,989 Interest portion of rent expense 3,013 3,150 4,235 4,422 1,306 2,537 4,241 -------- -------- -------- -------- -------- -------- -------- Total fixed charges $ 29,847 $ 28,355 $ 26,205 $ 31,031 $ 9,800 $ 21,674 $ 36,230 ======== ======== ======== ======== ======== ======== ======== Ratio of earnings to fixed charges 1.4x 1.6x 2.0x 1.9x 0.9x 1.7x 1.5x