EX-12 4 dex12.htm COMPUTATION OF CONSOLIDATED RATIOS Computation of Consolidated Ratios

Exhibit 12

PSS WORLD MEDICAL, INC. AND SUBSIDIARIES

COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES

FOR THE FISCAL YEARS ENDED MARCH 31, 2006, APRIL 1, 2005, APRIL 2, 2004,

MARCH 28, 2003, AND MARCH 29, 2002

(Dollars in Thousands)

 

     Fiscal Year Ended  
     2006     2005     2004     2003     2002  

Fixed charges:

          

Interest expense

   $ 5,884     $ 6,856     $ 5,560     $ 12,554     $ 8,201  

Capitalized interest

     606       469       27       —         1,801  

Interest component of rental expense

     12,838       13,229       8,962       12,985       12,440  
                                        

Fixed charges

   $ 19,328     $ 20,554     $ 14,549     $ 25,539     $ 22,442  
                                        

Earnings:

          

Income from continuing operations before provision for income taxes

   $ 70,094     $ 56,154     $ 46,300     $ 14,129     $ 17,934  

Add: Fixed charges

     19,328       20,554       14,549       25,539       22,442  

Less: Capitalized interest

     606       469       27       —         1,801  
                                        

Total earnings (loss)

   $ 88,816     $ 76,239     $ 60,822     $ 39,668     $ 38,575  
                                        

Ratio of earnings (loss) to fixed charges:

          

Total earnings (loss)

   $ 88,816     $ 76,239     $ 60,822     $ 39,668     $ 38,575  

Fixed charges

   $ 19,328     $ 20,554     $ 14,549     $ 25,539     $ 22,442  

Ratio

     4.6       3.7       4.2       1.6       1.7  
     (a )     (a )     (a )     (a )     (a )

(a) The consolidated ratios of earnings to fixed charges shown above is calculated in accordance with Section 229.503 (d) of Regulation S-K.