Exhibit 12.1
OXFORD INDUSTRIES, INC.
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in thousands, except ratios)
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in thousands, except ratios)
Eight Month | ||||||||||||||||||||||||||||||||||||
Transition | Twelve Months | Fiscal Year | ||||||||||||||||||||||||||||||||||
Period Ended | Ended | Ended | ||||||||||||||||||||||||||||||||||
Fiscal Year Ended | February 2, | February 2, | January 31, | First Quarter Ended | ||||||||||||||||||||||||||||||||
May 28, 2004 | June 3, 2005 | June 2, 2006 | June 1, 2007 | 2008 | 2008 | 2009 | May 3, 2008 | May 2, 2009 | ||||||||||||||||||||||||||||
FIXED CHARGES: | ||||||||||||||||||||||||||||||||||||
Interest expensed and capitalized | $ | 23,530 | $ | 26,146 | $ | 23,971 | $ | 22,214 | $ | 15,302 | $ | 22,351 | $ | 23,702 | $ | 6,332 | $ | 4,565 | ||||||||||||||||||
Amortized premiums, discounts and capitalized expenses (included above) | ||||||||||||||||||||||||||||||||||||
Estimate of interest within rental expense | 6,452 | 8,538 | 9,341 | 9,725 | 6,842 | 10,263 | 11,441 | 2,762 | 2,857 | |||||||||||||||||||||||||||
Preference security dividend | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Total Fixed Charges | $ | 29,982 | $ | 34,684 | $ | 33,312 | $ | 31,939 | $ | 22,144 | $ | 32,614 | $ | 35,143 | $ | 9,094 | $ | 7,422 | ||||||||||||||||||
EARNINGS: | ||||||||||||||||||||||||||||||||||||
Pretax income from continuing operations before adjustment for minority interest in consolidated subsidiaries or income or loss from equity investees | $ | 49,506 | $ | 65,649 | $ | 74,602 | $ | 77,446 | $ | 24,642 | $ | 62,160 | $ | (279,230 | ) | $ | 13,419 | $ | 8,482 | |||||||||||||||||
Fixed Charges | 29,982 | 34,684 | 33,312 | 31,939 | 22,144 | 32,614 | 35,143 | 9,094 | 7,422 | |||||||||||||||||||||||||||
Distributed income of equity investees | — | — | — | 1,295 | 1,025 | 1,128 | 1,505 | (166 | ) | 337 | ||||||||||||||||||||||||||
Total Earnings | $ | 79,488 | $ | 100,333 | $ | 107,914 | $ | 110,680 | $ | 47,811 | $ | 95,902 | $ | (242,582 | ) | $ | 22,347 | $ | 16,241 | |||||||||||||||||
Ratio of Earnings to Fixed Charges | 2.7x | 2.9x | 3.2x | 3.5x | 2.2x | 2.9x | -6.9x | 2.5x | 2.2x | |||||||||||||||||||||||||||