Attached files
file | filename |
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10-K - FORM 10-K - GENERAL NUTRITION CENTERS, INC. | l39059e10vk.htm |
EX-3.4 - EX-3.4 - GENERAL NUTRITION CENTERS, INC. | l39059exv3w4.htm |
EX-32.1 - EX-32.1 - GENERAL NUTRITION CENTERS, INC. | l39059exv32w1.htm |
EX-31.2 - EX-31.2 - GENERAL NUTRITION CENTERS, INC. | l39059exv31w2.htm |
EX-31.1 - EX-31.1 - GENERAL NUTRITION CENTERS, INC. | l39059exv31w1.htm |
EX-10.19.2 - EX-10.19.2 - GENERAL NUTRITION CENTERS, INC. | l39059exv10w19w2.htm |
EX-10.19.1 - EX-10.19.1 - GENERAL NUTRITION CENTERS, INC. | l39059exv10w19w1.htm |
Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
The following table shows the ratio of earnings to fixed charges for the years ended December 31, 2005 and 2006, the period from January 1, 2007 to March 15, 2007, the period from March 16, 2007 to
December 31, 2007 and the years ended December 31, 2008 and 2009. We have computed these ratios by dividing earnings available for fixed charges (income before income taxes and fixed charges) by fixed charges
(interest cost, amortization of debt expense, and the portion of rental expenses deemed to be representative of the interest factor in those rentals.)
Computation of General Nutrition Centers, Inc. Ratio of Earnings to Fixed Charges
(Dollars in millions, except ratios)
(Dollars in millions, except ratios)
Predecessor | Successor | |||||||||||||||||||||||
Period from | ||||||||||||||||||||||||
Year Ended | Year Ended | March 16, 2007 | Year Ended | Year Ended | ||||||||||||||||||||
December 31, | December 31, | Period ended | to December | December 31, | December 31, | |||||||||||||||||||
2005 | 2006 | March 15, 2007 | 31, 2007 | 2008 | 2009 | |||||||||||||||||||
Earnings (deficit) available for fixed charges: |
||||||||||||||||||||||||
Income (deficit) before income taxes |
$ | 29.5 | $ | 59.6 | $ | (62.0 | ) | $ | 31.6 | $ | 86.8 | $ | 111.2 | |||||||||||
Interest Expense |
41.6 | 43.7 | 8.5 | 78.2 | 84.2 | 70.1 | ||||||||||||||||||
Estimated interest component of net rental expense |
36.8 | 38.0 | 8.1 | 31.4 | 41.2 | 41.7 | ||||||||||||||||||
Earnings available for fixed charges |
$ | 107.9 | $ | 141.3 | $ | (45.4 | ) | $ | 141.2 | $ | 212.2 | $ | 223.0 | |||||||||||
Fixed Charges: |
||||||||||||||||||||||||
Interest Expense |
$ | 41.6 | $ | 43.7 | $ | 8.5 | $ | 78.2 | $ | 84.2 | $ | 70.1 | ||||||||||||
Estimated interest component of net rental expense |
36.8 | 38.0 | 8.1 | 31.4 | 41.2 | 41.7 | ||||||||||||||||||
Total fixed charges |
$ | 78.4 | $ | 81.7 | $ | 16.6 | $ | 109.6 | $ | 125.4 | $ | 111.8 | ||||||||||||
Consolidated Ratio of Earnings to Fixed Charges |
1.38 | 1.73 | | 1.29 | 1.69 | 1.99 |
(1) | Earnings were insufficient to cover fixed charges for the period ended March 15, 2007 by $61.9 million. |