EX-12.1 7 d491761dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

VISANT CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)

 

In thousands

   2012(1)     2011(2)     2010     2009     2008  

Earnings available to cover fixed charges:

          

(Loss) income from continuing operations before income taxes

   $ (52,777   $ (12,259   $ 96,835      $ 146,869      $ 141,695   

Interest expense

     158,924        164,233        91,451        55,522        70,007   

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

     2,412        2,417        2,119        2,435        2,588   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total earnings available to cover fixed charges

   $ 108,559      $ 154,391      $ 190,405      $ 204,826      $ 214,290   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges

          

Interest expense

   $ 158,924      $ 164,233      $ 91,451      $ 55,522      $ 70,007   

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

     2,412        2,417        2,119        2,435        2,588   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

   $ 161,336      $ 166,650      $ 93,570      $ 57,957      $ 72,595   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Ratio of earnings to fixed charges      0.0     0.0     2.0     3.5     3.0

 

(1) The Company was deficient to cover fixed charges by $ 52.8 million.
(2) The Company was deficient to cover fixed charges by $ 12.3 million.