Exhibit 12
BURLINGTON COAT FACTORY INVESTMENTS HOLDINGS, INC.
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES
(All amounts in thousands)
Fiscal Year Ended(1) | Transition Period 2009 to | Fiscal Year Ended(1) | ||||||||||||||||||||||
May 30, 2009 | January 30, 2010 | January 29, 2011 | January 28, 2012 | February 2, 2013 | February 1, 2014 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income (Loss) before Provision for Income Taxes | (338,572 | ) | 30,223 | 53,128 | (10,420 | ) | 29,165 | 76,111 | ||||||||||||||||
Fixed Charges | 169,577 | 106,766 | 130,026 | 161,035 | 142,014 | 131,470 | ||||||||||||||||||
Amortization of Capitalized Interest | 43 | 22 | 20 | 41 | 16 | 31 | ||||||||||||||||||
Interest Capitalized During the Period | (176 | ) | (71 | ) | — | (131 | ) | (110 | ) | (190 | ) | |||||||||||||
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Total Earnings | $ | (168,952 | ) | $ | 137,011 | $ | 183,174 | $ | 150,656 | $ | 171,195 | $ | 207,422 | |||||||||||
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Fixed Charges: | ||||||||||||||||||||||||
Interest Expense | $ | 102,716 | $ | 59,476 | $ | 99,309 | $ | 129,121 | $ | 113,927 | $ | 99,539 | ||||||||||||
Interest Capitalized During the Period | 176 | 71 | — | 131 | 110 | 190 | ||||||||||||||||||
Amortization of Deferred Debt Fees | 10,335 | 8,238 | 12,346 | 11,904 | 5,805 | 7,675 | ||||||||||||||||||
Estimate of Interest Expense within Rent Expense | 56,350 | 38,981 | 18,371 | 19,879 | 22,172 | 24,066 | ||||||||||||||||||
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Total Fixed Charges | 169,577 | 106,766 | 130,026 | 161,035 | 142,014 | 131,470 | ||||||||||||||||||
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Ratio of Earnings to Fixed Charges | * | 1.3 | 1.4 | * | 1.2 | 1.6 | ||||||||||||||||||
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* | Earnings for fiscal years ended May 30, 2009 and January 28, 2012 were inadequate to cover fixed charges by $338.5 million and $10.4 million, respectively. |