Exhibit 12.1
Statement RE: Ratio of Earnings to Fixed Charges
Year Ended | Nine Months Ended | ||||||||||||||||||||
January 31, 1999 | January 30, 2000 | January 28, 2001 | January 27, 2002 | January 26, 2003 | October 27, 2002 | October 26, 2003 | |||||||||||||||
(in thousands, except ratio of earnings) | |||||||||||||||||||||
Fixed Charges: | |||||||||||||||||||||
Interest expensed and debt cost amortization | $ | 291 | $ | 332 | $ | 4,852 | $ | 16,173 | $ | 16,467 | $ | 12,318 | $ | 11,915 | |||||||
Estimate of interest within rental expense | 513 | 825 | 1,032 | 4,565 | 8,445 | 6,343 | 6,481 | ||||||||||||||
Total Fixed Charges | $ | 804 | $ | 1,157 | $ | 5,884 | $ | 20,738 | $ | 24,912 | $ | 18,661 | $ | 18,396 | |||||||
Earnings: | |||||||||||||||||||||
Pre-tax gain (loss) from continuing operations | $ | 4,487 | $ | 60,371 | $ | 144,808 | $ | 252,749 | $ | 150,557 | $ | 77,791 | $ | 60,424 | |||||||
Fixed charges | 804 | 1,157 | 5,884 | 20,738 | 24,912 | 18,661 | 18,396 | ||||||||||||||
Total earnings (loss) for computation of ratio | $ | 5,291 | $ | 61,528 | $ | 150,692 | $ | 273,487 | $ | 175,469 | $ | 96,452 | $ | 78,820 | |||||||
Ratio of earnings to fixed charges | 6.58 | 53.16 | 25.61 | 13.19 | 7.04 | 5.17 | 4.28 |