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- S-4 Registration of securities issued in business combination transactions
- 3.2 EX-3.2
- 3.3 EX-3.3
- 3.4 EX-3.4
- 3.5 EX-3.5
- 3.6 EX-3.6
- 3.7 EX-3.7
- 3.8 EX-3.8
- 3.9 EX-3.9
- 3.10 EX-3.10
- 3.11 EX-3.11
- 3.12 EX-3.12
- 3.13 EX-3.13
- 3.14 EX-3.14
- 3.15 EX-3.15
- 3.16 EX-3.16
- 3.17 EX-3.17
- 3.18 EX-3.18
- 3.19 EX-3.19
- 3.20 EX-3.20
- 3.21 EX-3.21
- 3.22 EX-3.22
- 3.23 EX-3.23
- 3.24 EX-3.24
- 3.25 EX-3.25
- 4.2 EX-4.2
- 4.3 EX-4.3
- 4.4 EX-4.4
- 5.1 EX-5.1
- 5.2 EX-5.2
- 8.1 EX-8.1
- 10.46 EX-10.46
- 10.47 EX-10.47
- 12.1 EX-12.1
- 21.1 EX-21.1
- 23.3 EX-23.3
- 25.1 EX-25.1
- 99.1 EX-99.1
- 99.2 EX-99.2
- 99.3 EX-99.3
- 99.4 EX-99.4
Exhibit 12.1
FIFTH & PACIFIC COMPANIES, INC. AND SUBSIDIARIES
Computation of Ratios of Earnings to Fixed Charges
(In thousands)
|
| Fiscal Years Ended |
| Nine Months Ended |
| |||||||||||||||||
|
| December 29, 2007 |
| January 3, 2009 |
| January 2, 2010 |
| January 1, 2011 |
| December 31, 2011 |
| October 1, 2011 |
| September 29, 2012 |
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Earnings: |
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Add: |
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(Loss) income from continuing operations before provision for income taxes (1) |
| $ | (546,570 | ) | $ | (507,349 | ) | $ | (234,201 | ) | $ | (91,287 | ) | $ | 137,326 |
| $ | (95,731 | ) | $ | (115,318 | ) |
Fixed charges |
| 42,571 |
| 45,705 |
| 59,150 |
| 56,335 |
| 59,573 |
| 44,427 |
| 39,374 |
| |||||||
Income (loss) from equity investees |
| — |
| — |
| 265 |
| 969 |
| 1,652 |
| 1,458 |
| (474 | ) | |||||||
Total adjustments |
| (503,999 | ) | (461,644 | ) | (174,786 | ) | (33,983 | ) | 198,551 |
| (49,846 | ) | (76,418 | ) | |||||||
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Less: |
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Noncontrolling interest in pre-tax loss of subsidiaries that have not incurred fixed charges |
| 516 |
| 251 |
| (681 | ) | (842 | ) | — |
| — |
| — |
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|
| 516 |
| 251 |
| (681 | ) | (842 | ) | — |
| — |
| — |
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Total Earnings |
| $ | (504,515 | ) | $ | (461,895 | ) | $ | (174,105 | ) | $ | (33,141 | ) | $ | 198,551 |
| $ | (49,846 | ) | $ | (76,418 | ) |
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Fixed Charges: |
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Interest expense |
| $ | 42,571 |
| $ | 45,705 |
| $ | 58,042 |
| $ | 54,883 |
| $ | 57,985 |
| $ | 43,368 |
| $ | 38,042 |
|
Amortization of expense related to indebtedness (2) |
| — |
| — |
| 1,108 |
| 1,452 |
| 1,588 |
| 1,059 |
| 1,332 |
| |||||||
Total Fixed Charges |
| $ | 42,571 |
| $ | 45,705 |
| $ | 59,150 |
| $ | 56,335 |
| $ | 59,573 |
| $ | 44,427 |
| $ | 39,374 |
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Ratio of Earnings to Fixed Charges |
| N/A |
| N/A |
| N/A |
| N/A |
| 3.3 |
| N/A |
| N/A |
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Deficiency of Earnings to Fixed Charges |
| $ | (547,086 | ) | $ | (507,600 | ) | $ | (233,255 | ) | $ | (89,476 | ) | $ | N/A |
| $ | (94,273 | ) | $ | (115,792 | ) |
(1) Excludes (loss) income from equity investees.
(2) Represents amortization of financing fees not included in Interest expense.