EX-11 2 y52655exv11.htm EX-11: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EX-11
 

Exhibit 11
 
AMSCAN HOLDINGS, INC.
 
RATIO OF EARNINGS TO FIXED CHARGES
 
                                         
    Four
 		    Eight
 		       
    Months
 		    Months
 		       
    Ended
 		    Ended
 		       
    April 30,     December 31,     Years Ended December 31,  
    2004     2004     2005     2006     2007  
 
Earnings:
                                       
Income (loss) before taxes and minority interests
  $ (1,395 )   $ 14,380     $ 17,221     $ 10,818     $ 32,953  
Add: fixed charges
    9,800       21,674       36,230       82,362       91,462  
Deduct: interest capitalized
                                       
                                         
Earnings as adjusted:
  $ 8,405     $ 36,054     $ 53,451     $ 93,180     $ 124,415  
                                         
Computation of Fixed Charges:
                                       
Interest, expensed and capitalized
  $ 8,494     $ 19,137     $ 31,989     $ 55,007     $ 54,900  
Interest portion of rent expense
    1,306     $ 2,537       4,241       27,355       36,562  
                                         
Total Fixed Charges
  $ 9,800     $ 21,674     $ 36,230     $ 82,362     $ 91,462  
                                         
Ratio of earnings to fixed charges
    0.9 x     1.7 x     1.5 x     1.1 x     1.4x  


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