EX-12 8 exhibit12.htm EXHIBIT 12 Exhibit 12

EXHIBIT 12

THE JONES GROUP INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions)

 

  Year Ended December 31,  
    2013     2012     2011     2010     2009  
(Loss) income before provision (benefit) for income taxes $ (13.3 ) $ (67.9 ) $ 71.1   $ 85.1   $ (70.1 )
Fixed charges:                              
  Interest expense and amortization of financing costs.   60.5     145.7     74.2     60.4     55.6  
  Portion of rent expense representing interest   41.6     42.4     39.5     35.3     39.5  
  Total fixed charges   102.1     188.1     113.7     95.7     95.1  
Income from continuing operations before income taxes and fixed charges $ 88.8   $ 120.2   $ 184.8   $ 180.8   $ 25.0  
Ratio of earnings to fixed charges (1)   0.9 (2)   0.6 (2)   1.6     1.9     0.3 (2)

 

(1) For purposes of the computation, the ratio of earnings to fixed charges has been calculated by dividing (a) income from continuing operations before income taxes and fixed charges by (b) fixed charges. Fixed charges are equal to interest expense plus the portion of the rent expense estimated to represent interest.
 
(2) Earnings were insufficient to cover fixed charges for the years 2013, 2012 and 2009 by $13.3 million, $67.9 million and $70.1 million, respectively.