EX-12.1 3 dex121.htm COMPUTATION OF RATIO OF EARNINGS OF FIXED CHARGES Computation of Ratio of Earnings of Fixed Charges

 

EXHIBIT 12.1

CENTRAL GARDEN & PET COMPANY

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

(dollars in thousands)

 

     Fiscal Year Ended         
     September 24,
2005		      September 30,
2006		      September 29,
2007		      September 27,
2008		     September 26,
2009		      Nine-Months
Ended
June 26,
2010		  

Income (loss) before income taxes and minority interest and after eliminating undistributed earnings of equity method investees

    $ 83,896       $ 101,882       $ 54,700       $ (360,454 )    $ 103,893       $ 89,803   

Fixed charges(1)

      24,582         42,912         52,093         40,394        23,826         24,806   
                                                    

Total earnings and fixed charges

      108,478         144,794         106,793         (320,060 )      127,713         114,609   

Fixed charges(1)

    $ 24,582       $ 42,912       $ 52,093       $ 40,394      $ 23,820         24,806   
                                                    

Ratio of earnings to fixed charges(2)

      4.41         3.37         2.05         N/A        5.36         4.62   
                                                    

 

(1) Fixed charges consist of interest expense incurred, the portion of rental expense under operating leases deemed by management to be representative of the interest factor and amortization of deferred financing costs.
(2) For the year ended September 27, 2008, earnings were insufficient to cover fixed charges by approximately $360.5 million, and the ratio for that fiscal year is not considered meaningful.