Exhibit 12
Ratio of Earnings to Fixed Charges Footnote
(amounts in thousands)
| Fiscal Year Ended | 8 months ended January 30, 2010 | Fiscal Year Ended | ||||||||||||||||||||||
| 2007 | 2008 | 2009 | 2010 | 2011 | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income (Loss) before Provision for Income Taxes | $ | (72,624 | ) | $ | (73,794 | ) | $ | (338,572 | ) | $ | 30,223 | $ | 53,128 | $ | (10,420 | ) | ||||||||
Plus: Fixed Charges | $ | 189,226 | $ | 183,063 | $ | 159,242 | $ | 106,766 | $ | 130,026 | $ | 161,035 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
| $ | 116,602 | $ | 109,269 | $ | (179,330 | ) | $ | 136,989 | $ | 183,154 | $ | 150,615 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Gross Interest Expense | $ | 134,313 | $ | 122,684 | $ | 92,557 | $ | 59,547 | $ | 99,309 | $ | 129,252 | ||||||||||||
Amortization of Deferred Debt Charges | $ | 10,250 | $ | 10,310 | $ | 10,335 | $ | 8,238 | $ | 12,346 | $ | 11,904 | ||||||||||||
Estimate of Interest Expense Within Operating Leases | $ | 44,663 | $ | 50,069 | $ | 56,350 | $ | 38,981 | $ | 18,371 | $ | 19,879 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
| $ | 189,226 | $ | 183,063 | $ | 159,242 | $ | 106,766 | $ | 130,026 | $ | 161,035 | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio of Earnings to Fixed Charges | * | * | * | 1.3x | 1.4x | * | ||||||||||||||||||
| * | Due to losses for the fiscal years ended June 2, 2007, May 31, 2008, May 30, 2009 and January 28, 2012, the coverage ratio was less than 1:1. BCFWC must generate additional pretax earnings of $ 72.6 million, $73.8 million, $338.6 million and $10.4 million respectively to achieve a ratio of 1:1 for the periods. |