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Exhibit 12.1
THE BON-TON STORES, INC.
RATIO OF EARNINGS TO FIXED CHARGES
FISCAL YEARS ENDED
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HISTORICAL PRO FORMA
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FEBRUARY 2, FEBRUARY 1, JANUARY 31, JANUARY 29, JANUARY 28, JANUARY 28,
2002 2003 2004 2005 2006 2006
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(DOLLARS IN THOUSANDS)
Income before income taxes $ 10,042 $ 15,369 $ 32,961 $ 32,042 $ 38,143 $ 35,129
Interest expense 10,265 9,436 9,049 13,437 12,052 106,710
Estimate of interest within rental expense (1) 4,700 4,196 5,996 9,843 10,550 20,664
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Income before income taxes and fixed charges $ 25,007 $ 29,001 $ 48,006 $ 55,322 $ 60,745 $ 162,503
=========== =========== =========== =========== =========== ===========
Interest expense $ 10,265 $ 9,436 $ 9,049 $ 13,437 $ 12,052 $ 106,710
Estimate of interest within rental expense (1) 4,700 4,196 5,996 9,843 10,550 20,664
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Fixed charges $ 14,965 $ 13,632 $ 15,045 $ 23,280 $ 22,602 $ 127,374
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Ratio of net income to fixed charges 1.67 2.13 3.19 2.38 2.69 1.28
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THIRTEEN WEEKS ENDED
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HISTORICAL PRO FORMA
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APRIL 30, APRIL 29, APRIL 29,
2005 2006 2006
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(DOLLARS IN THOUSANDS)
Loss before income taxes $ (7,127) $ (17,857) $ (33,500)
Interest expense 3,306 23,868 27,435
Estimate of interest within rental expense (1) 2,461 2,638 5,166
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Income (loss) before income taxes and fixed charges $ (1,360) $ 8,649 $ (899)
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Interest expense $ 3,306 $ 23,868 $ 27,435
Estimate of interest within rental expense (1) 2,461 2,638 5,166
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Fixed charges $ 5,767 $ 26,506 $ 32,601
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Ratio of net income to fixed charges (0.24) 0.33 (0.03)
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Dollar amount of shortfall (2) $ 7,127 $ 17,857 $ 33,500
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(1) Calculated at 22% for the historical periods presented and 23% for the pro
forma periods presented.
(2) Amounts shown reflect the additional income before income taxes required
in order to achieve a ratio of 1.00 for the respective periods.