Exhibit 12.1
RH
Computation of Ratios of Earnings to Fixed Charges
For the Three Months Ended | Fiscal Year | |||||||||||||||||||||||
(Dollars in thousands) | May 5, 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||||
Earnings available for fixed charges: | ||||||||||||||||||||||||
Income before income taxes | $ | 36,566 | $ | 30,151 | $ | 8,554 | $ | 149,884 | $ | 148,175 | $ | 49,118 | ||||||||||||
Fixed charges, excluding capitalized interest | 22,011 | 91,138 | 69,974 | 59,421 | 43,675 | 31,549 | ||||||||||||||||||
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Total earnings available for fixed charges | $ | 58,577 | $ | 121,289 | $ | 78,528 | $ | 209,305 | $ | 191,850 | $ | 80,667 | ||||||||||||
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Fixed charges: | ||||||||||||||||||||||||
Interest and debt expense | $ | 13,267 | $ | 53,974 | $ | 33,453 | $ | 27,222 | $ | 13,725 | $ | 5,551 | ||||||||||||
Assumed interest element included in rent expense | 9,424 | 39,810 | 38,441 | 34,167 | 31,358 | 26,790 | ||||||||||||||||||
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Total fixed charges | $ | 22,692 | $ | 93,784 | $ | 71,894 | $ | 61,389 | $ | 45,083 | $ | 32,341 | ||||||||||||
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Ratio of earnings to fixed charges | 2.6 | 1.3 | 1.1 | 3.4 | 4.3 | 2.5 |
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