EX-12 3 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)
Three months ended Years ended --------------------- -------------------------------------------------------------- March 30, March 31, December 29, December 30, January 1, January 2, January 3, Dollars in thousands 2002 2001 2001 2000 2000 1999 1998 ----------------------------------------------------------- -------------------------------------------------------------- Earnings Income (loss) from continuing operations before income taxes $(11,085) $(17,259) $ 26,540 $(10,468) $43,999 $35,952 $52,379 Interest expense (excluding capitalized interest) 18,137 21,688 79,035 60,252 7,486 7,026 6,866 Portion of rent expense under long-term operating leases representative of an interest factor 365 339 1,164 1,121 1,483 1,233 2,133 ----------------------------------------------------------- ------------------------------------------------------------- Total earnings $ 7,417 $ 4,768 $106,739 $ 50,905 $52,968 $44,211 $61,378 =========================================================== ============================================================= Fixed charges Interest expense (including capitalized interest) $ 18,137 $ 21,688 $ 79,035 $ 60,252 $ 7,887 $ 7,729 $ 6,866 Portion of rent expense under long-term operating leases representative of an interest factor 365 339 1,164 1,121 1,483 1,233 2,133 ----------------------------------------------------------- ------------------------------------------------------------- Total fixed charges $ 18,502 $ 22,027 $ 80,199 $ 61,373 $ 9,370 $ 8,962 $ 8,999 =========================================================== ============================================================= Ratio of earnings to fixed charges 0.4 0.2 1.3 0.8 5.7 4.9 6.8