EX-12 2 d667556dex12.htm EX-12 EX-12

Exhibit 12

BURLINGTON COAT FACTORY INVESTMENTS HOLDINGS, INC.

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES

(All amounts in thousands)

 

     Fiscal Year
Ended(1)
   

Transition

Period
From May 31,

2009 to

    Fiscal Year Ended(1)  
     May 30,
2009
    January 30,
2010
    January 29,
2011
     January 28,
2012
    February 2,
2013
    February 1,
2014
 

Earnings:

             

Income (Loss) before Provision for Income Taxes

     (338,572     30,223        53,128         (10,420     29,165        76,111   

Fixed Charges

     169,577        106,766        130,026         161,035        142,014        131,470   

Amortization of Capitalized Interest

     43        22        20         41        16        31   

Interest Capitalized During the Period

     (176     (71     —          (131     (110     (190
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Total Earnings

   $ (168,952   $ 137,011      $ 183,174       $ 150,656      $ 171,195      $ 207,422   
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Fixed Charges:

             

Interest Expense

   $ 102,716      $ 59,476      $ 99,309       $ 129,121      $ 113,927      $ 99,539   

Interest Capitalized During the Period

     176        71        —          131        110        190   

Amortization of Deferred Debt Fees

     10,335        8,238        12,346         11,904        5,805        7,675   

Estimate of Interest Expense within Rent Expense

     56,350        38,981        18,371         19,879        22,172        24,066   
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Total Fixed Charges

     169,577        106,766        130,026         161,035        142,014        131,470   
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Ratio of Earnings to Fixed Charges

     *        1.3        1.4         *        1.2        1.6   
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

 

* Earnings for fiscal years ended May 30, 2009 and January 28, 2012 were inadequate to cover fixed charges by $338.5 million and $10.4 million, respectively.