EXHIBIT 12
J. BAKER, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
Fiscal Years Ended
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February 2, February 1, January 30, January 29, January 28,
1991 1992 1993 1994 1995
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Historical ratio of earnings to fixed charges
Earnings from continuing operations before
taxes and extraordinary item per
consolidated statements of earnings $11,307 $12,898 $21,076 $36,424 $36,899
Add:
Portion of rents representative of the
interest factor 2,973 5,459 6,564 15,227 17,593
Interest on indebtedness including the
amortization of debt expense and
detachable warrant value 10,405 10,352 8,211 8,146 9,735
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Earnings before fixed charges, as adjusted $24,685 $28,709 $35,851 $59,797 $64,227
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Fixed charges
Interest on indebtedness including the
amortization of debt expense and
detachable warrant value (1) $ 10,405 $ 10,352 $ 8,211 $ 8,146 $ 9,735
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Rents $ 8,920 $ 16,376 $ 19,691 $ 45,680 $ 52,780
Portion of rents representative of
the interest factor (2) $ 2,973 $ 5,459 $ 6,564 $ 15,227 $ 17,593
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Fixed charges (1) + (2) $ 13,378 $ 15,811 $ 14,775 $ 23,373 $ 27,328
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Ratio of earnings to fixed charges 1.85x 1.82x 2.43x 2.56x 2.35x
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