EX-12.1 7 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

VISANT HOLDING CORP. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)

 

                      Jostens, Inc.
    (Successor)     (Predecessor)
                      Five Months     Seven Months

In thousands

  2007   2006   2005   2004     2003     2003

Earnings

           

Income (loss) from continuing operations before income taxes

  $ 72,869   $ 54,089   $ 28,172   $ (94,936 )   $ (71,384 )   $ 17,900

Interest expense (excluding capitalized interest)

    145,126     151,484     126,085     125,569       51,305       32,083

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

    2,402     2,109     2,056     2,356       1,118       640
                                       

Total earnings (loss)

  $ 220,397   $ 207,682   $ 156,313   $ 32,989     $ (18,961 )   $ 50,623
                                       

Fixed charges

           

Interest expense (including capitalized interest)

  $ 145,126   $ 151,484   $ 126,085   $ 125,569     $ 51,305     $ 32,083

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

    2,402     2,109     2,056     2,356       1,118       640
                                       

Total fixed charges

  $ 147,528   $ 153,593   $ 128,141   $ 127,925     $ 52,423     $ 32,723
                                       

Ratio of earnings to fixed charges (1)

    1.5x     1.4x     1.2x     —         —         1.5x

 

(1) For the 2004 and the five month successor period in 2003, earnings did not cover fixed charges by $94.9 million and $71.4 million, respectively.


VISANT CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)

 

    (Successor)     Jostens, Inc.
(Predecessor)

In thousands

  2007   2006   2005   2004     Five Months
2003
    Seven Months
2003

Earnings

           

Income (loss) from continuing operations before income taxes

  $ 127,907   $ 98,027   $ 46,348   $ (78,603 )   $ (70,085 )   $ 17,900

Interest expense (excluding capitalized interest)

    91,303     107,871     108,040     109,079       49,990       32,083

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

    2,402     2,109     2,056     2,356       1,118       640
                                       

Total earnings (loss)

  $ 221,612   $ 208,007   $ 156,444   $ 32,832     $ (18,977 )   $ 50,623
                                       

Fixed charges

           

Interest expense (including capitalized interest)

  $ 91,303   $ 107,871   $ 108,040   $ 109,079     $ 49,990     $ 32,083

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

    2,402     2,109     2,056     2,356       1,118       640
                                       

Total fixed charges

  $ 93,705   $ 109,980   $ 110,096   $ 111,435     $ 51,108     $ 32,723
                                       

Ratio of earnings to fixed charges (1)

    2.4x     1.9x     1.4x     —         —         1.5x

 

(1) For the 2004 and the five month successor period in 2003, earnings did not cover fixed charges by $78.6 million and $70.1 million, respectively.