EX-12.1 39 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

 

DEL LABORATORIES, INC.

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     Year Ended December 31,
     2000
    2001
    2002
    2003
    2004
     (dollars in thousands)

Pretax income

    $ 8,275    $ 16,162    $ 30,915    $ 32,898    $ 26,684

Fixed charges (as calculated below)

      9,267      8,747      6,381      6,025      5,745
    
  
  
  
  

Earnings

      17,542      24,909      37,296      38,923      32,429
    
  
  
  
  

FIXED CHARGES:

                                   

Interest expense, net

      8,193      6,779      4,402      3,944      3,400

Amortization of deferred financing fees

      307      360      261      241      184

Rent expense interest factor

      767      1,608      1,718      1,840      2,161
    
  
  
  
  

Total fixed charges

      9,267      8,747      6,381      6,025      5,745
    
  
  
  
  

RATIO OF EARNINGS TO FIXED CHARGES

      1.9x      2.8x      5.8x      6.5x      5.6x