Exhibit 12.1
Caleres, Inc. | ||||||||||||||||||||||||||||
Computation of Ratio of Earnings to Fixed Charges | ||||||||||||||||||||||||||||
Fiscal Years Ended | Twenty-six Weeks Ended | |||||||||||||||||||||||||||
January 29, 2011 | January 28, 2012 | February 2, 2013 | February 1, 2014 | January 31, 2015 | August 2, 2014 | August 1, 2015 | ||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||||||
Earnings before income taxes | $ | 50.5 | $ | 4.7 | $ | 51.8 | $ | 77.7 | $ | 110.1 | $ | 49.8 | $ | 49.1 | ||||||||||||||
Interest expense | 19.0 | 25.4 | 23.0 | 21.3 | 20.4 | 10.4 | 8.8 | |||||||||||||||||||||
Interest portion of rent expense (1) | 30.1 | 30.5 | 29.0 | 28.7 | 28.6 | 14.2 | 14.4 | |||||||||||||||||||||
EARNINGS BEFORE INCOME TAXES AND FIXED CHARGES | $ | 99.6 | $ | 60.6 | $ | 103.8 | $ | 127.7 | $ | 159.1 | $ | 74.4 | $ | 72.3 | ||||||||||||||
Interest expense | $ | 19.0 | $ | 25.4 | $ | 23.0 | $ | 21.3 | $ | 20.4 | $ | 10.4 | $ | 8.8 | ||||||||||||||
Capitalized interest | 1.3 | — | — | — | — | — | — | |||||||||||||||||||||
Interest portion of rent expense (1) | 30.1 | 30.5 | 29.0 | 28.7 | 28.6 | 14.2 | 14.4 | |||||||||||||||||||||
TOTAL FIXED CHARGES | $ | 50.4 | $ | 55.9 | $ | 52.0 | $ | 50.0 | $ | 49.0 | $ | 24.6 | $ | 23.2 | ||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 1.98 | 1.08 | 2.00 | 2.55 | 3.25 | 3.02 | 3.12 | |||||||||||||||||||||
(1) Calculated as 20% of rent expense, which is a reasonable approximation of the interest factor. | ||||||||||||||||||||||||||||