EX-12 2 ex-12.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

EXHIBIT 12 - STATEMENT RE: MPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
          
         (UNAUDITED)
                  
                   
                   
                   
                   
                   
                   
                   
 
Six Months Ended
  
                                               Fiscal Years Ended
      
 
July 30,
July 31,
 
January 29,
January 31,
February 1,
February 2,
February 3,
 
 
2005
2004
2005
2004
2003
2002
2001*
  
                   
Consolidated pretax income
$ 40,036
$ 43,338
 
$ 184,551
$ 15,994
$ 204,261
$ 120,963
$ 183,531
 
Fixed charges (less capitalized
                  
interest)
60,310
84,404
 
157,314
202,432
212,479
216,605
221,957
 
                   
EARNINGS
$ 100,346
$ 127,742
 
$ 341,865
$ 218,426
$ 416,740
$ 337,568
$ 405,488
 
                   
                   
Interest
$ 53,442
$ 75,518
 
$ 139,056
$ 181,065
$ 189,779
$ 192,344
$ 196,609
 
Capitalized interest
3,250
1,661
 
4,485
2,622
2,469
5,415
4,720
 
Interest factor in rent expense
6,868
8,886
 
18,258
21,367
22,700
24,261
25,348
 
                   
FIXED CHARGES
$ 63,560
$ 86,065
 
$ 161,799
$ 205,054
$ 214,948
$ 222,020
$ 226,677
 
                   
                   
Ratio of earnings to fixed charges
1.58
1.48
 
2.11
1.07
1.94
1.52
1.79
 
                   
* 53 Weeks