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EXHIBIT 12
JOSTENS, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)
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Six months
Nine months ended Years ended ended Years ended
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September 30, October 2, January 1, January 2, January 3, December 28, June 30, June 30,
Dollars in thousands 2000 1999 2000 1999 1998 1996 1996 1995
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Earnings
Income (loss) from continuing operations
before income taxes $ (2,249) $ 67,520 $ 74,659 $ 83,520 $ 93,383 $ 26 $ 87,479 $ 93,893
Interest expense and amortization of debt
expense (excluding capitalized interest) 37,666 4,333 7,486 7,026 6,866 4,330 9,403 5,452
Portion of rent expense under
long-term operating leases
representative of an interest factor 891 1,087 1,483 1,233 2,133 1,070 2,103 2,100
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Total earnings $ 36,308 $ 72,940 $ 83,628 $ 91,779 $102,382 $ 5,426 $ 98,985 $101,445
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Fixed charges
Interest expense and amortization of debt
expense (including capitalized interest) $ 37,666 $ 4,734 $ 7,887 $ 7,729 $ 6,866 $ 4,330 $ 9,403 $ 5,452
Portion of rent expense under
long-term operating leases
representative of an interest factor 891 1,087 1,483 1,233 2,133 1,070 2,103 2,100
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Total fixed charges $ 38,557 $ 5,821 $ 9,370 $ 8,962 $ 8,999 $ 5,400 $ 11,506 $ 7,552
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Ratio of earnings to fixed charges 0.9 12.5 8.9 10.2 11.4 1.0 8.6 13.4
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