Exhibit 12
EXHIBIT 12 - STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
Nine Months Ended | Fiscal Years Ended | |||||||||||||||||||||||||||
November 3, | October 28, | February 3, | January 28, | January 29, | January 31, | February 1, | ||||||||||||||||||||||
(in thousands) | 2007 | 2006 | 2007* | 2006 | 2005 | 2004 | 2003 | |||||||||||||||||||||
Consolidated pretax income (loss) | $ | (3,073 | ) | $ | 118,790 | $ | 253,842 | $ | 125,791 | $ | 175,832 | $ | 7,904 | $ | 184,782 | |||||||||||||
Fixed charges (less capitalized interest) | 80,167 | 83,643 | 106,136 | 121,416 | 157,314 | 202,432 | 212,479 | |||||||||||||||||||||
Distributed income of equity investees | 8,893 | 988 | 9,393 | 8,858 | 9,059 | 5,991 | 6,052 | |||||||||||||||||||||
EARNINGS | $ | 85,987 | $ | 203,421 | $ | 369,371 | $ | 256,065 | $ | 342,205 | $ | 216,327 | $ | 403,313 | ||||||||||||||
Interest | $ | 66,598 | $ | 71,632 | $ | 87,642 | $ | 105,570 | $ | 139,056 | $ | 181,065 | $ | 189,779 | ||||||||||||||
Capitalized interest | 4,990 | 3,746 | 4,365 | 6,092 | 4,485 | 2,622 | 2,469 | |||||||||||||||||||||
Interest factor in rent expense | 13,569 | 12,011 | 18,494 | 15,846 | 18,258 | 21,367 | 22,700 | |||||||||||||||||||||
FIXED CHARGES | $ | 85,157 | $ | 87,389 | $ | 110,501 | $ | 127,508 | $ | 161,799 | $ | 205,054 | $ | 214,948 | ||||||||||||||
Ratio of earnings to fixed charges | 1.01 | 2.33 | 3.34 | 2.01 | 2.12 | 1.05 | 1.88 | |||||||||||||||||||||
* 53 Weeks |