Exhibit 12.1
The following table sets forth our historical ratio of earnings to fixed charges for the periods indicated, in thousands:
Nine Months Ended November 1, 2014 | Fiscal Years Ended | |||||||||||||||||||||||
February 1, 2014 | February 2, 2013 | January 28, 2012 | January 29, 2011 | January 30, 2010 | ||||||||||||||||||||
Net income (loss) attributed to Perry Ellis International, Inc. | $ | 5,722 | $ | (22,779 | ) | $ | 14,801 | $ | 25,517 | $ | 24,112 | $ | 13,167 | |||||||||||
Add: | ||||||||||||||||||||||||
Income tax provision (benefit) | 2,740 | (11,615 | ) | 6,708 | 12,459 | 11,393 | 3,615 | |||||||||||||||||
Interest expense and amortization of debt costs | 10,921 | 15,092 | 15,217 | 16,716 | 13,673 | 17,908 | ||||||||||||||||||
Costs of early extinguishment of debt | — | — | — | 1,306 | 730 | 357 | ||||||||||||||||||
Estimated operating lease interest (a) | 4,082 | 5,506 | 4,882 | 4,033 | 3,032 | 4,197 | ||||||||||||||||||
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Total earnings available for fixed charges | $ | 23,465 | $ | (13,796 | ) | $ | 41,608 | $ | 60,031 | $ | 52,940 | $ | 39,244 | |||||||||||
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Fixed charges: | ||||||||||||||||||||||||
Interest expense and amortization of debt costs | $ | 10,921 | $ | 15,092 | $ | 15,217 | $ | 16,716 | $ | 13,673 | $ | 17,908 | ||||||||||||
Costs of early extinguishment of debt | — | — | — | 1,306 | 730 | 357 | ||||||||||||||||||
Estimated operating lease interest (a) | 4,082 | 5,506 | 4,882 | 4,033 | 3,032 | 4,197 | ||||||||||||||||||
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Total fixed charges | $ | 15,003 | $ | 20,598 | $ | 20,099 | $ | 22,055 | $ | 17,435 | $ | 22,462 | ||||||||||||
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Ratio of earnings to fixed charges | 1.6 | (b | ) | 2.1 | 2.7 | 3.0 | 1.8 |
(a) | The estimated interest portions of operating leases were calculated based upon the company’s lease portfolio and cost of borrowing. |
(b) | The earnings available for fixed charges for the year ended February 1, 2014 were inadequate to cover the total fixed charges. The coverage deficiencies in earnings available for fixed charges for a one-to-one ratio for the year ended February 1, 2014 were $6.8 million. |