EX-12.1 2 dex121.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 Alberto-Culver Company Ratio of Earnings to Fixed Charges
Three Months Ended December 31, Year Ended September 30, ------------------ -------------------------------------------- (In thousands) 2000 1999 2000 1999 1998 1997 1996 ------------------ -------------------------------------------- Earnings: Income before income taxes $35,263 40,326 154,281 133,783 132,378 136,121 100,014 Interest expense and amortization of debt discount, fees and expenses 6,954 4,172 23,747 14,849 12,170 11,826 15,905 Interest included in rental expense 6,242 5,817 24,967 23,267 21,033 19,857 17,645 ------------------ -------------------------------------------- Total Earnings $48,459 50,315 202,995 171,899 165,581 167,804 133,564 ================== ============================================ Fixed charges: Interest expense and amortization of debt discount, fees and expenses $ 6,954 4,172 23,747 14,849 12,170 11,826 15,905 Interest included in rental expense 6,242 5,817 24,967 23,267 21,033 19,857 17,645 ------------------ -------------------------------------------- Total fixed charges $13,196 9,989 48,714 38,116 33,203 31,683 33,550 ================== ============================================ Ratio of earnings to fixed charges 3.7 5.0* 4.2* 4.5 5.0 5.3** 4.0 ================== ============================================
* Includes a non-recurring pre-tax gain of $9.3 million in the first quarter of fiscal year 2000 resulting from the sale of a trademark for $10.0 million. Excluding the non-recurring gain, the ratio of earnings to fixed charges would be 4.1x for the three months ended December 31, 1999 and 4.0x for the year ended September 30, 2000. ** Includes a non-recurring pre-tax gain of $15.6 million in the first quarter of fiscal year 1997 resulting from a $28.0 million insurance settlement from the loss of the Company's airplane. Excluding the non-recurring gain, the ratio of earnings to fixed charges would be 4.8x.