Exhibit 12.1
THE COOPER COMPANIES, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratio amounts)
Years Ended October 31, | Six Months Ended April 30, | ||||||||||||||||||||
2006 | 2005 | 2004 | 2003 | 2002 | 2007 | 2006 | |||||||||||||||
Income before income taxes | $ | 73,337 | $ | 108,457 | $ | 112,489 | $ | 90,487 | $ | 65,169 | $ | 6,411 | $ | 35,716 | |||||||
Add: | |||||||||||||||||||||
Fixed charges | 51,599 | 39,485 | 9,586 | 10,665 | 10,236 | 28,824 | 27,738 | ||||||||||||||
Adjusted Earnings | $ | 124,936 | $ | 147,942 | $ | 122,075 | $ | 101,152 | $ | 75,405 | $ | 35,235 | $ | 63,454 | |||||||
Fixed charges: | |||||||||||||||||||||
Interest expense | $ | 37,331 | $ | 29,725 | $ | 6,004 | $ | 6,964 | $ | 6,874 | $ | 20,710 | $ | 20,300 | |||||||
Capitalized interest | 8,543 | 4,885 | 811 | 1,005 | 909 | 4,214 | 4,576 | ||||||||||||||
Estimated portion of rent expense representative of interest | 5,725 | 4,875 | 2,771 | 2,696 | 2,453 | 3,900 | 2,862 | ||||||||||||||
Total fixed charges | $ | 51,599 | $ | 39,485 | $ | 9,586 | $ | 10,665 | $ | 10,236 | $ | 28,824 | $ | 27,738 | |||||||
Ratio of earnings to fixed charges | 2.4x | 3.7x | 12.7x | 9.5x | 7.4x | 1.2x | 2.3x |