EX-12.1 26 v317281_ex12-1.htm EXHIBIT 12.1

Computation of Ratio of Earnings to Fixed Charges

 

Prestige Brands Holdings, Inc.
Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)

 

   Year Ended March 31, 
   2008   2009   2010   2011   2012 
                     
                     
Income (loss) from continuing operations before income taxes  $49,583   $(200,420)  $52,734   $48,528   $61,157 
Fixed charges   38,265    28,781    23,184    27,589    41,620 
                          
Earnings (loss) available for fixed charges  $87,848   $(171,639)  $75,918   $76,117   $102,777 
                          
Interest expense on long term debt  $35,920   $26,431   $21,021   $25,573   $38,677 
Capitalized fees on long term debt   2,148    2,148    1,915    1,745    2,661 
Estimated interest in rent expense (b)   197    202    248    271    282 
                          
Total fixed charges  $38,265   $28,781   $23,184   $27,589   $41,620 
                          
Ratio of Earnings to Fixed Charges   2.3x   (a)    3.27x   2.76x   2.47x

 

(a)For the year ended March 31, 2009, earnings were insufficient to cover fixed charges primarily due to a non-cash impairment charge against goodwill and intangible assets of $249 million. The deficiency for the year ended March 31, 2009 required to restore the ratio to 1:1 was $200,420.

 

(b)For the purpose of calculating interest on rent expense the company used a reasonable approximation of the interest factor.