EX-12.1 2 a2172074zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1


VISANT HOLDING CORP. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)

 
  (Successor)
  Jostens, Inc.
(Predecessor)

 
 
  Six Months Ended
   
   
   
   
   
   
 
 
   
   
  Five Months
2003

  Seven Months
2003

   
   
 
 
  July 1, 2006
  July 2, 2005
  2005
  2004
  2002
  2001
 
 
  Dollars in thousands

 
Earnings                                                  
Income (loss) from continuing operations before income taxes   $ 109,072   $ 79,388   $ 58,070   $ (156,773 ) $ (79,383 ) $ 17,900   $ 56,875   $ 39,178  

Interest expense (excluding capitalized interest)

 

 

70,586

 

 

61,672

 

 

126,088

 

 

160,534

 

 

67,803

 

 

32,083

 

 

68,220

 

 

78,944

 

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

 

 

1,569

 

 

1,323

 

 

2,762

 

 

2,631

 

 

867

 

 

640

 

 

1,111

 

 

994

 
   
 
 
 
 
 
 
 
 

Total earnings (loss)

 

$

181,227

 

$

142,383

 

$

186,920

 

$

6,392

 

$

(10,713

)

$

50,623

 

$

126,206

 

$

119,116

 
   
 
 
 
 
 
 
 
 

Fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Interest expense (including capitalized interest)   $ 70,586   $ 61,672   $ 126,088   $ 160,534   $ 67,803   $ 32,083   $ 68,220   $ 78,944  

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

 

 

1,569

 

 

1,323

 

 

2,762

 

 

2,631

 

 

867

 

 

640

 

 

1,111

 

 

994

 
   
 
 
 
 
 
 
 
 

Total fixed charges

 

$

72,155

 

$

62,995

 

$

128,850

 

$

163,165

 

$

68,670

 

$

32,723

 

$

69,331

 

$

79,938

 
   
 
 
 
 
 
 
 
 

Ratio of earnings to fixed charges (1)

 

 

2.5

x

 

2.3

x

 

1.5

x

 


 

 


 

 

1.5

x

 

1.8

x

 

1.5

x

(1)
For 2004 and the successor period in 2003, earnings did not cover fixed charges by $156.8 million and $79.4 million, respectively.



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VISANT HOLDING CORP. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)