| Three | ||||||||||||||||||||||||
| Months | ||||||||||||||||||||||||
| Fiscal Years Ended | Ended | |||||||||||||||||||||||
| February 4, 2006 | February 3, 2007 | February 2, 2008 | January 31, 2009 | January 30, 2010 | May 1, 2010 | |||||||||||||||||||
Earnings (loss) calculation: | ||||||||||||||||||||||||
| Loss before income taxes and equity in net income of affiliates | $ | (15,602 | ) | $ | (5,327 | ) | $ | (17,558 | ) | $ | (97,760 | ) | $ | (42,089 | ) | $ | (10,947 | ) | ||||||
| Fixed charges | 923 | 879 | 832 | 892 | 973 | 689 | ||||||||||||||||||
| Distributed income of equity investees | — | 250 | — | — | — | — | ||||||||||||||||||
Total adjusted loss | $ | (14,679 | ) | $ | (4,198 | ) | $ | (16,726 | ) | $ | (96,868 | ) | $ | (41,116 | ) | $ | (10,258 | ) | ||||||
Fixed charge calculation : | ||||||||||||||||||||||||
| Estimated interest component of rental expense | $ | 923 | $ | 879 | $ | 832 | $ | 892 | $ | 726 | $ | 205 | ||||||||||||
| Amortization of debt discount | — | — | — | — | 181 | 347 | ||||||||||||||||||
| Interest expense | — | — | — | — | 66 | 137 | ||||||||||||||||||
Total fixed charges (a) | $ | 923 | $ | 879 | $ | 832 | $ | 892 | $ | 973 | $ | 689 | ||||||||||||
Preferred stock dividend requirements | $ | — | $ | — | $ | — | $ | — | $ | 4,690 | $ | 1,368 | ||||||||||||
Combined fixed charges and preferred stock dividend requirements | $ | 923 | $ | 879 | $ | 832 | $ | 892 | $ | 5,663 | $ | 2,057 | ||||||||||||
| Ratio of earnings to fixed charges and preferred stock dividends | (15.91 | )x | (4.78 | )x | (20.10 | )x | (108.58 | )x | (7.26 | )x | (4.99 | )x | ||||||||||||
| Fixed charge and preferred stock dividend coverage shortfall (b) | $ | (15,602 | ) | $ | (5,077 | ) | $ | (17,558 | ) | $ | (97,760 | ) | $ | (46,779 | ) | $ | (12,315 | ) | ||||||
| (a) | Fixed charges consist of interest on all indebtedness and one-third of rental expense, which we believe is a reasonable approximation of the interest factor of our rental expense. | |
| (b) | For the fiscal years ended February 4, 2006 through January 30, 2010, our earnings were insufficient to cover fixed charges and preferred stock dividends by $15,602,000, $5,077,000, $17,558,000, $97,760,000 and $46,779,000, respectively. For the three months ended May 1, 2010 our earnings were insufficient to cover fixed charges and preferred stock dividends by $12,315,000. |
