EX-12.1 3 d940147dex121.htm EX-12.1 EX-12.1

EXHIBIT 12.1

CENTRAL GARDEN & PET COMPANY

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

(dollars in thousands)

 

     Fiscal Year Ended      Six Months
Ended
March 28,
2015		  
     September 25,
2010		      September 24,
2011		      September 29,
2012		      September 28,
2013		     September 27,
2014		     

Income (loss) before income taxes, and income (loss) of equity method investees

    $ 76,192       $ 47,850       $ 34,764       $ (3,185 )    $ 14,019       $ 28,986   

Fixed charges (1)

      34,672         38,918         41,162         44,038        43,608         22,819   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

     

 

 

  

Total earnings and fixed charges

   110,864      86,768      75,926      40,853      57,627      51,805   

Fixed charges (1)

 $ 34,672    $ 38,918    $ 41,162    $ 44,038    $ 43,608    $ 22,819   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

     

 

 

  

Earnings to fixed charges excess (deficiency)

 $ 76,192    $ 47,850    $ 34,764    $ (3,185 )  $ 14,019   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

     

 

 

  

Ratio of earnings to fixed charges (2)

   3.20      2.23      1.84      N/M      1.32      2.27   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

     

 

 

  

 

(1) Fixed charges consist of interest expense, 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 fiscal year ended September 28, 2013, earnings were insufficient to cover fixed charges by approximately $3.2 million, and the ratio is not meaningful.