EX-12.1 29 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

Ratio of earnings to fixed charges

 

    Predecessor     Successor     Pro-Forma  
    Fiscal Year Ended     January 31, 2010 to
November 22, 2010
    November 23, 2010
to January 29, 2011
    Year Ended
January 29, 2011
 
    February 3,
2007
    February 2,
2008
    January 31,
2009
    January 30,
2010
       
                      (in thousands)              

Rent expense

             

Total rent expense

  $ 55,618      $ 59,533      $ 68,551      $ 75,278      $ 65,934      $ 15,863      $ 81,797   
                                                       

Fixed Charges

             

Interest expense

    232        179        208        243        248        17,387        91,375   

Estimate of the interest within operating leases

    18,354        19,646        22,622        24,842        21,758        5,235        26,993   
                                                       

Fixed Charges

    18,586        19,825        22,830        25,085        22,006        22,622        118,368   
                                                       

Earnings (loss)

             

Earnings (loss) before income taxes

    112,806        133,444        149,639        164,733        88,013        (33,076     62,317   

Plus: fixed charges

    18,586        19,825        22,830        25,085        22,006        22,622        118,368   
                                                       
    131,392        153,269        172,469        189,818        110,019        (10,454     180,685   
                                                       

Other Financial Data

             

Ratio of earnings to fixed charges (a)

    7.1 x        7.7 x        7.6 x        7.6 x        5.0 x        —          1.5x   

 

(a) With respect to the period from November 23, 2010 to January 29, 2011, our earnings were insufficient to cover our fixed charges by $10.5 million.