Attached files
Exhibit 12.1
ELIZABETH ARDEN, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
| Year Ended June 30, | ||||||||||||||||
| 2006 | 2007 | 2008 | 2009 | 2010 | ||||||||||||
| Earnings, as defined: |
||||||||||||||||
| Net income (loss) |
$ | 32,794 | $ | 37,334 | $ | 19,901 | $ | (6,163 | ) | $ | 19,533 | |||||
| Income taxes |
11,281 | 7,474 | 1,534 | (8,316 | ) | 3,293 | ||||||||||
| Fixed charges, as defined below |
28,257 | 35,073 | 34,485 | 31,727 | 28,617 | |||||||||||
| Total earnings, as defined below |
$ | 72,332 | $ | 79,881 | $ | 55,920 | $ | 17,248 | $ | 51,443 | ||||||
| Fixed charges, as defined below |
$ | 28,257 | $ | 35,073 | $ | 34,485 | $ | 31,727 | $ | 28,617 | ||||||
| Ratio of earnings to fixed charges(1) |
2.56 | 2.28 | 1.62 | 0.54 | 1.80 | |||||||||||
The Company’s consolidated ratios of earnings to fixed charges were computed by dividing earnings by fixed charges. For this purpose, earnings are the sum of income (loss) from continuing operations, taxes, and fixed charges. Fixed charges include interest, amortization of debt expense, discount on premium relating to indebtedness and one-third of rental expense.
| (1) | For the fiscal year ended June 30, 2009, earnings were insufficient to cover fixed charges as evidenced by a less than one-to-one coverage ratio as shown above. Additional earnings of approximately $14.5 million were necessary for the fiscal year ended June 30, 2009 to provide a one-to-one coverage ratio. |