EX-12.1 7 d317495dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

VISANT CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)

 

In thousands

   2011(1)     2010      2009      2008      2007  

Earnings available to cover fixed charges:

             

(Loss) income from continuing operations before income taxes

   $ (12,259   $ 96,835       $ 146,869       $ 141,695       $ 127,907   

Interest expense

     164,233        91,451         55,522         70,007         91,303   

Portion of rent expense under long-term operating leases representative of an interest factor

     2,417        2,119         2,435         2,588         2,402   
  

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total earnings available to cover fixed charges

   $ 154,391      $ 190,405       $ 204,826       $ 214,290       $ 221,612   
  

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Fixed charges

             

Interest expense

   $ 164,233      $ 91,451       $ 55,522       $ 70,007       $ 91,303   

Portion of rent expense under long-term operating leases representative of an interest factor

     2,417        2,119         2,435         2,588         2,402   
  

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total fixed charges

   $ 166,650      $ 93,570       $ 57,957       $ 72,595       $ 93,705   
  

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Ratio of earnings to fixed charges

     —          2.0x         3.5x         3.0x         2.4x   

 

(1) The Company was deficient to cover fixed charges by $12.3 million.