Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
(Combined) | (Predecessor) | |||||||||||||||||||||||||||
Quarter Ended April 30, 2011 | Fiscal Year Ended | |||||||||||||||||||||||||||
Jan. 29, 2011 | Jan 30, 2010 | Jan. 31, 2009 | Feb. 2, 2008 | Feb. 3, 2007 | ||||||||||||||||||||||||
Calculation of Rent Expense | ||||||||||||||||||||||||||||
Rent expense | $ | 26,229 | $ | 93,619 | $ | 85,794 | $ | 74,922 | $ | 62,662 | $ | 54,694 | ||||||||||||||||
Portion that represents interest (estimated) | 8,743 | 31,206 | 28,598 | 24,974 | 20,887 | 18,231 | ||||||||||||||||||||||
Fixed Charges | ||||||||||||||||||||||||||||
Interest expense, net | 16,692 | 3,914 | 2,442 | 3,790 | 8,905 | 42,533 | ||||||||||||||||||||||
Amortization of deferred financing costs | 2,570 | 2,058 | 2,942 | 2,150 | 2,319 | 1,460 | ||||||||||||||||||||||
Interest expense on portion of rent expense representative of interest (from above) | 8,743 | 31,206 | 28,598 | 24,974 | 20,887 | 18,231 | ||||||||||||||||||||||
Fixed Charges | 28,005 | 37,178 | 33,982 | 30,914 | 32,111 | 62,224 | ||||||||||||||||||||||
Earnings | ||||||||||||||||||||||||||||
Income (loss) before income taxes | (40,653 | ) | 210,054 | 205,877 | 90,745 | 161,255 | 81,621 | |||||||||||||||||||||
Plus: fixed charges | 28,005 | 37,178 | 33,982 | 30,914 | 32,111 | 62,224 | ||||||||||||||||||||||
(12,648 | ) | 247,232 | 239,859 | 121,659 | 193,366 | 143,845 | ||||||||||||||||||||||
Other Financial Data | ||||||||||||||||||||||||||||
Ratio of earnings to fixed charges | (a) | 6.6x | 7.1x | 3.9x | 6.0x | 2.3x | ||||||||||||||||||||||
(a) | Our earnings were insufficient to cover fixed charges by $12,648. |