Perry Ellis International (PERY) 10-K 2016 FY Annual report

Exhibit 12.1

The following tables sets forth our historical ratio of earnings to fixed charges for the periods indicated, in thousands:

	Fiscal Years Ended
	January 30, 2016			January 31, 2015			February 1, 2014			February 2, 2013		January 28, 2012
Net (loss) income attributed to Perry Ellis International, Inc.	$	(7,292	)	$	(37,175	)	$	(22,779	)	$	14,801	$	25,517
Add:
Income tax (benefit) provision		(432	)		45,792			(11,615	)		6,708		12,459
Interest expense and amortization of debt costs		9,350			14,435			15,092			15,217		16,716
Costs of early extinguishment of debt		5,121			—			—			—		1,306
Estimated operating lease interest (b)		5,588			5,403			5,506			4,882		4,033
Total earnings available for fixed charges	$	12,335		$	28,455		$	(13,796	)	$	41,608	$	60,031
Fixed Charges:
Interest expense and amortization of debt costs	$	9,350		$	14,435		$	15,092		$	15,217	$	16,716
Costs of early extinguishment of debt		5,121			—			—			—		1,306
Estimated operating lease interest (b)		5,588			5,403			5,506			4,882		4,033
Total fixed charges	$	20,059		$	19,838		$	20,598		$	20,099	$	22,055
Ratio of earnings to fixed charges		0.6			1.4				(a)		2.1		2.7

(a) 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.

(b) The estimated interest portions of operating leases were calculated based upon the company’s lease portfolio andcost of borrowing.