THE PEP BOYS - MANNY, MOE & JACK AND SUBSIDIARIES Exhibit 12 - Statement Regarding Computation of Ratios
Ratios of Earnings to Fixed Charges
(in thousands, except ratios)
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January 29, January 30, February 1, February 2, February 3,
Fiscal year 1994 1993 1992 1991 1990
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Interest $19,701 $20,180 $25,071 $20,262 $18,054
Interest factor in rental expense 5,595 4,698 3,456 3,091 2,751
Capitalized interest 1,254 852 602 1,252 1,444
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(a) Fixed charges, as defined 26,550 $25,730 $29,129 $24,605 $22,249
Earnings before income taxes $104,508 $85,615 $60,512 $58,777 $55,124
Fixed charges 26,550 25,730 29,129 24,605 22,249
Capitalized interest (1,254) (852) (602) (1,252) (1,444)
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(b) Earnings, as defined $129,804 $110,493 $89,039 $82,130 $75,929
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(c) Ratio of earnings to fixed charges (b/a) 4.9x 4.3x 3.1x 3.3x 3.4x
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