EX-12 3 dex12.htm COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES Computation of Consolidated Ratios of Earnings to Fixed Charges

Exhibit 12

PSS WORLD MEDICAL, INC. AND SUBSIDIARIES

COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES

FOR THE FISCAL YEARS ENDED March 27, 2009, March 28, 2008, March 30, 2007, March 31, 2006, AND April 1, 2005

(Dollars in Thousands)

 

     2009   2008   2007   2006   2005

Fixed charges:

          

Interest expense

   $ 11,843   $ 6,773   $ 5,346   $ 5,884   $ 6,856

Capitalized interest

     450     222     262     606     469

Interest component of rental expense

     13,207     12,315     14,407     12,838     13,229
                              

Fixed charges

   $ 25,500   $ 19,310   $ 20,015   $ 19,328   $ 20,554
                              

Earnings:

          

Income from continuing operations before provision for income taxes

   $ 94,249   $ 93,605   $ 80,341   $ 70,094   $ 56,154

Add: Fixed charges

     25,500     19,310     20,015     19,328     20,554

Less: Capitalized interest

     450     222     262     606     469
                              

Total earnings

   $ 119,299   $ 112,693   $ 100,094   $ 88,816   $ 76,239
                              

Ratio of earnings to fixed charges:

          

Total earnings

   $ 119,299   $ 112,693   $ 100,094   $ 88,816   $ 76,239

Fixed charges

   $ 25,500   $ 19,310   $ 20,015   $ 19,328   $ 20,554

Ratio

     4.7     5.8     5.0     4.6     3.7
     (a)     (a)     (a)     (a)     (a)

 

(a) The consolidated ratios of earnings to fixed charges shown above is calculated in accordance with Section 229.503 (d) of Regulation S-K.