EX-12.1 4 y81350exv12w1.htm EX-12.1 exv12w1
EXHIBIT 12.1
Jones Apparel Group, Inc.
Statement Regarding Computation of Ratio of Earnings to Fixed Charges
(dollars in millions)
                                                 
    Fiscal Quarter        
    Ended April 3,     Year Ended December 31,  
    2010     2009     2008     2007     2006     2005  
Income (loss) before income taxes*
   $ 62.5     $ (70.1 )   $ (772.9 )   $ (58.5 )   $ (245.1 )   $ 425.3  
Fixed charges
                                                
 
                                                
Interest expense and amortization of financing costs
     12.4       55.6       49.1       51.5       50.5       76.2  
Portion of rent expense representing interest
     8.9       39.5       41.0       42.0       41.0       50.1  
 
                                    
Total fixed charges
     21.3       95.1       90.1       93.5       91.5       126.3  
 
                                    
Income (loss) before income taxes and fixed charges
   $ 83.8     $ 25.0     $ (682.8 )   $ 35.0     $ (153.6 )   $ 551.6  
 
                                    
Ratio of earnings to fixed charges
     3.9       0.3       —       0.4       —       4.4  
Coverage deficiency**
     n/a       70.1       772.9       58.5       245.1       n/a  
 
*   Earnings used in computing the ratio of earnings to fixed charges consisted of income before income taxes and fixed charges excluding capitalized interest.
 
**   For the periods in which a coverage deficiency is presented, earnings were inadequate to cover fixed charges by the amount of the deficiency.