EX-12.1 4 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)

 

In thousands

   2008    2007    2006    2005    2004  

Earnings

              

Income (loss) from continuing operations before income taxes

   $ 77,020    $ 72,869    $ 54,089    $ 28,172    $ (94,936 )

Interest expense (excluding capitalized interest)

     126,151      145,126      151,484      126,085      125,569  

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

     2,588      2,402      2,109      2,056      2,356  
                                    

Total earnings

   $ 205,759    $ 220,397    $ 207,682    $ 156,313    $ 32,989  
                                    

Fixed charges

              

Interest expense (including capitalized interest)

   $ 126,151    $ 145,126    $ 151,484    $ 126,085    $ 125,569  

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

     2,588      2,402      2,109      2,056      2,356  
                                    

Total fixed charges

   $ 128,739    $ 147,528    $ 153,593    $ 128,141    $ 127,925  
                                    

Ratio of earnings to fixed charges (1)

     1.6x      1.5x      1.4x      1.2x      —    

 

(1) For 2004 earnings did not cover fixed charges by $94.9 million.


VISANT CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)

 

In thousands

   2008    2007    2006    2005    2004  

Earnings

              

Income (loss) from continuing operations before income taxes

   $ 141,695    $ 127,907    $ 98,027    $ 46,348    $ (78,603 )

Interest expense (excluding capitalized interest)

     70,007      91,303      107,871      108,040      109,079  

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

     2,588      2,402      2,109      2,056      2,356  
                                    

Total earnings

   $ 214,290    $ 221,612    $ 208,007    $ 156,444    $ 32,832  
                                    

Fixed charges

              

Interest expense (including capitalized interest)

   $ 70,007    $ 91,303    $ 107,871    $ 108,040    $ 109,079  

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

     2,588      2,402      2,109      2,056      2,356  
                                    

Total fixed charges

   $ 72,595    $ 93,705    $ 109,980    $ 110,096    $ 111,435  
                                    

Ratio of earnings to fixed charges (1)

     3.0x      2.4x      1.9x      1.4x      —    

 

(1) For 2004 earnings did not cover fixed charges by $78.6 million.