EX-12.1 8 d286583dex121.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement re: computation of ratio of earnings to fixed charges

Exhibit 12.1

AMSCAN HOLDINGS, INC.

RATIO OF EARNINGS TO FIXED CHARGES

Years Ended December 31, 2011, 2010, 2009, 2008 and 2007

(Dollars in thousands)

 

     Years Ended December 31,  
     2007     2008     2009     2010     2011  

Earnings:

          

Income before income taxes

   $ 32,953      $ 63,821      $ 100,424      $ 82,378      $ 122,151   

Add: fixed charges

     91,462        98,661        87,320        89,401        133,912   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings as adjusted:

   $ 124,415      $ 162,482      $ 187,744      $ 171,779      $ 256,063   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Computation of Fixed Charges:

          

Interest, expensed and capitalized

   $ 54,900      $ 51,171      $ 41,725      $ 41,399      $ 77,981   

Interest portion of rent expense

     36,562        47,490        45,595        48,002        55,930   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Fixed Charges

   $ 91,462      $ 98,661      $ 87,320      $ 89,401      $ 133,911   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     1.4     1.6     2.2     1.9     1.9