EX-12 2 a2208715zex-12.htm EX-12
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Exhibit 12

 
  Fiscal Year Ended  
 
  January 28,
2012
  January 29,
2011
  January 30,
2010
  January 31,
2009
  February 2,
2008
 
 
  (dollar amounts in thousands, except ratios)
 

Interest

  $ 26,306   $ 26,745   $ 21,704   $ 27,048   $ 51,293  

Interest factor in rental expense

    30,519     26,579     25,088     25,717     23,085  

Capitalized interest

                     
                       

(a) Fixed charges, as defined

  $ 56,825   $ 53,324   $ 46,792   $ 52,765   $ 74,378  
                       

Earnings (loss) from continuing operations before income taxes and cumulative effect of change in accounting principle

  $ 41,588   $ 58,444   $ 37,616   $ (34,977 ) $ (63,032 )

Fixed charges

    56,825     53,324     46,792     52,765     74,378  

Capitalized interest

                     
                       

(b) Earnings, as defined

  $ 98,413   $ 111,768   $ 84,408   $ 17,788   $ 11,346  
                       

(c) Ratio of earnings to fixed charges (b÷a)

    1.7     2.1     1.8          
                       

        The ratio of earnings to fixed charges is completed by dividing earnings by fixed charges. "Earnings" consist of earnings before income taxes plus fixed charges (exclusive of capitalized interest costs) plus one-third of rental expense (which amount is considered representative of the interest factor in rental expense). Earnings, as defined, were not sufficient to cover fixed charges by approximately $35.0 million and $63.0 million for fiscal 2008 and 2007, respectively.




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