EX-12.1 2 d582050dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Elizabeth Arden, Inc.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in thousands)

 

     2009     2010      2011      2012      2013  

Earnings, as defined:

             

Net (loss) income

   $ (6,163   $ 19,533       $ 40,989       $ 57,419       $ 40,711   

(Benefit from) provision for income taxes

     (8,316     3,293         8,637         16,093         6,940   

Fixed charges, as defined below

     31,727        28,617         28,358         29,175         31,823   
  

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total earnings (as defined below)

   $ 17,248      $ 51,443       $ 77,984       $ 102,687       $ 79,474   
  

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 
             
  

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Fixed charges (as defined below)

   $ 31,727      $ 28,617       $ 28,358       $ 29,175       $ 31,823   
  

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Ratio of earnings to fixed charges (1)

     0.54        1.80         2.75         3.52         2.50   
  

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

The Company’s consolidated ratios of earnings to fixed charges were computed by dividing earnings by fixed charges. For this purpose, earnings are the sum of income (loss) from continuing operations, taxes, and fixed charges. Fixed charges include interest, amortization of debt expense, discount on premium relating to indebtedness and one-third of rental expense.

 

(1) For the fiscal year ended June 30, 2009, earnings were insufficient to cover fixed charges as evidenced by a less than one-to-one coverage ratio as shown above. Additional earnings of approximately $14.5 million were necessary for the fiscal year ended June 30, 2009 to provide a one-to-one coverage ratio.