EX-12.1 5 y86031exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
Prestige Brands Holdings, Inc.
Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
                                         
    2010   2009   2008   2007   2006
     
 
Income (loss) from continuing operations before income taxes
  $ 53,111     $ (197,858 )   $ 51,214     $ 51,545     $ 51,653  
Fixed charges
    23,184       28,781       38,265       40,664       37,107  
 
                                       
     
Earnings (loss) available for fixed charges
  $ 76,295     $ (169,077 )   $ 89,479     $ 92,209     $ 88,760  
     
 
                                       
Interest expense on long term debt
  $ 21,021     $ 26,431     $ 35,920     $ 38,330     $ 34,754  
Capitalized fees on long term debt
    1,915       2,148       2,148       2,148       2,160  
Estimated interest on rent expense (b)
    248       202       197       186       193  
 
                                       
     
Total Fixed Charges
  $ 23,184     $ 28,781     $ 38,265     $ 40,664     $ 37,107  
     
 
                                       
Ratio of Earning to Fixed Charges
    3.29x         (a)     2.34x       2.27x       2.39x  
 
(a)   For the year ended March 31, 2009, earnings were insufficient to cover fixed charges primarily due to a non-cash impairment charge against goodwill and intangible assets of $249 million.
 
(b)   For the purpose of calculating interest on rent expense the company used a reasonable approximation of the interest factor.