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)

 

In thousands

   2009    2008    2007    2006    2005

Earnings

              

Income from continuing operations before income taxes

   $ 87,210    $ 77,020    $ 72,869    $ 54,089    $ 28,172

Interest expense (excluding capitalized interest)

     113,591      126,151      145,126      151,484      126,085

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

     2,435      2,588      2,402      2,109      2,056
                                  

Total earnings

   $ 203,236    $ 205,759    $ 220,397    $ 207,682    $ 156,313
                                  

Fixed charges

              

Interest expense (including capitalized interest)

   $ 113,591    $ 126,151    $ 145,126    $ 151,484    $ 126,085

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

     2,435      2,588      2,402      2,109      2,056
                                  

Total fixed charges

   $ 116,026    $ 128,739    $ 147,528    $ 153,593    $ 128,141
                                  

Ratio of earnings to fixed charges

     1.8x      1.6x      1.5x      1.4x      1.2x


VISANT CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)

 

In thousands

   2009    2008    2007    2006    2005

Earnings

              

Income from continuing operations before income taxes

   $ 146,869    $ 141,695    $ 127,907    $ 98,027    $ 46,348

Interest expense (excluding capitalized interest)

     55,522      70,007      91,303      107,871      108,040

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

     2,435      2,588      2,402      2,109      2,056
                                  

Total earnings

   $ 204,826    $ 214,290    $ 221,612    $ 208,007    $ 156,444
                                  

Fixed charges

              

Interest expense (including capitalized interest)

   $ 55,522    $ 70,007    $ 91,303    $ 107,871    $ 108,040

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

     2,435      2,588      2,402      2,109      2,056
                                  

Total fixed charges

   $ 57,957    $ 72,595    $ 93,705    $ 109,980    $ 110,096
                                  

Ratio of earnings to fixed charges

     3.5x      3.0x      2.4x      1.9x      1.4x