Exhibit 12.1
Chesapeake Corporation
Computation of Ratio of Earnings to Fixed Charges
(in millions, except for ratio of earnings to fixed charges)
| Fiscal Years Ended On | |||||||||||||||
| 1/01/06 | 1/02/05 | 12/28/03 | 12/29/02 | 12/30/01 | |||||||||||
| Earnings: |
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| Pre tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income/loss from |
|||||||||||||||
| equity investees |
(318.6 | ) | 8.1 | 24.8 | 11.7 | 1.3 | |||||||||
| Fixed charges |
36.5 | 40.5 | 46.7 | 48.6 | 44.2 | ||||||||||
| Pre tax losses of equity investees |
— | — | — | — | (0.4 | ) | |||||||||
| (282.1 | ) | 48.6 | 71.5 | 60.3 | 45.1 | ||||||||||
| Less capitalized interest |
— | 0.4 | 1.0 | 0.1 | — | ||||||||||
| Less minority interest |
(0.7 | ) | (0.7 | ) | (1.0 | ) | (0.2 | ) | (0.1 | ) | |||||
| Total Earnings |
(281.4 | ) | 48.9 | 71.5 | 60.4 | 45.2 | |||||||||
| Fixed Charges: |
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| Interest expensed and capitalized and amortization of premiums, discounts and capitalized expenses related to indebtedness |
33.6 | 37.8 | 44.3 | 46.3 | 41.7 | ||||||||||
| Estimated interest component of rental expense (1) |
2.9 | 2.7 | 2.4 | 2.3 | 2.5 | ||||||||||
| Total Fixed Charges |
36.5 | 40.5 | 46.7 | 48.6 | 44.2 | ||||||||||
| Ratio of earnings to fixed charges |
— | (2) | 1.2 | 1.5 | 1.2 | 1.0 | |||||||||
| (1) | Represents approximately one-third of rent expense which is deemed to represent the interest component of rental payments. |
| (2) | Earnings, as defined, were inadequate to cover fixed charges by $317.9 million. |