EX-12 2 dex12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 JOSTENS, INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)
Six Year Three months ended Years ended months ended ended ------------------- ------------------------------------------------ ------------- ---------- March 31, April 1, December 31, January 1, January 2, January 3, December 28, June 30, Dollars in thousands 2001 2000 2000 2000 1999 1998 1996 1996 ------------------------------------------------------ ------------------------------------------------ ---------- ---------- Earnings Income (loss) from continuing operations before income taxes $(20,982) $9,505 $2,160 $74,659 $83,520 $93,383 $26 $87,479 Interest expense (excluding capitalized interest) 21,688 1,939 60,252 7,486 7,026 6,866 4,330 9,403 Portion of rent expense under long-term operating leases representative of an interest factor 339 322 1,121 1,483 1,233 2,133 1,070 2,103 ----------------------------------------------------- ------------------------------------------- ------ ---------- Total earnings $1,045 $11,766 $63,533 $83,628 $91,779 $102,382 $5,426 $98,985 ===================================================== =========================================== ====== ========== Fixed charges Interest expense (including capitalized interest) $21,688 $1,939 $60,252 $7,887 $7,729 $6,866 $4,330 $9,403 Portion of rent expense under long-term operating leases representative of an interest factor 339 322 1,121 1,483 1,233 2,133 1,070 2,103 ----------------------------------------------------- ------------------------------------------- ------ ---------- Total fixed charges $22,027 $2,261 $61,373 $9,370 $8,962 $8,999 $5,400 $11,506 ===================================================== =========================================== ====== ========== Ratio of earnings to fixed charges 0.0 5.2 1.0 8.9 10.2 11.4 1.0 8.6