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| Fiscal Year Ended | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| January 29, 2011 | January 30, 2010 | January 31, 2009 | February 2, 2008 | February 3, 2007 | ||||||||||||
| (dollar amounts in thousands, except ratios) | ||||||||||||||||
Interest | $ | 26,745 | $ | 21,704 | $ | 27,048 | $ | 51,293 | $ | 49,342 | |||||||
Interest factor in rental expense | 26,579 | 25,088 | 25,717 | 23,085 | 19,984 | ||||||||||||
Capitalized interest | — | — | — | — | 799 | ||||||||||||
(a) Fixed charges, as defined | $ | 53,324 | $ | 46,792 | $ | 52,765 | $ | 74,378 | $ | 70,125 | |||||||
Earnings (loss) from continuing operations before income taxes and cumulative effect of change in accounting principle | $ | 58,444 | $ | 37,616 | $ | (34,977 | ) | $ | (63,032 | ) | $ | (13,470 | ) | ||||
Fixed charges | 53,324 | 46,792 | 52,765 | 74,378 | 70,125 | ||||||||||||
Capitalized interest | — | — | — | — | (799 | ) | |||||||||||
(b) Earnings, as defined | $ | 111,768 | $ | 84,408 | $ | 17,788 | $ | 11,346 | $ | 55,856 | |||||||
(c) Ratio of earnings to fixed charges (b÷a) | 2.1 | 1.8 | — | — | — | ||||||||||||
The ratio of earnings to fixed charges is completed by dividing earnings by fixed charges. "Earnings" consist of earnings before income taxes plus fixed charges (exclusive of capitalized interest costs) plus one-third of rental expense (which amount is considered representative of the interest factor in rental expense). Earnings, as defined, were not sufficient to cover fixed charges by approximately $35.0 million, $63.0 million, and $14.3 million for fiscal 2008, 2007, and 2006, respectively.