Exhibit 12.1
Charles River Laboratories, Inc.
Computation of Ratio of Earnings to Fixed Charges
(In millions, except ratio data)
<TABLE>
Six Months Six Months
Ended Ended
12/31/94 12/30/95 12/28/96 12/27/97 12/26/98 12/25/99 6/26/99 6/24/00
-------- -------- -------- -------- -------- -------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Income before income taxes** $ 20,822 27,773 26,134 23,839 37,501 35,531 24,319 14,873
Fixed charges:
Interest expense 464 768 491 501 421 9,943 171 19,162
Amortization of deferred
financing costs - - - - - 426 - 881
1/3 rent from operating leases 531 781 981 1,037 1,091 1,319 601 850
-------- ------ ------ ------ ------ ------ ------ ------
Total fixed charges $ 995 1,549 1,472 1,538 1,512 11,688 772 20,893
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Earnings + fixed charges $ 21,817 29,322 27,606 25,377 39,013 47,219 25,091 35,766
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Ratio of earnings to fixed charges 21.9 18.9 18.8 16.5 25.8 4.0 32.5 1.7
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[Financial data - continued]
Pro Forma
-----------------------
Fiscal Year Six Months
Ended Ended
12/25/99 6/24/00
----------- ----------
Income before income taxes** 25,348 23,224
Fixed charges:
Interest expense 22,550 11,816
Amortization of deferred
financing costs 1,042 521
1/3 rent from operating leases 1,319 850
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Total fixed charges 24,911 13,187
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Earnings + fixed charges 50,259 36,411
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Ratio of earnings to fixed charges 2.0 2.8
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</TABLE>
**Includes earnings from equity investments less minority interest
