EX-12.1 5 d571997dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

 

Ratio of Earnings to Fixed Charges           Fiscal Year Ended  
     Three Months Ended                                    
(In thousands)    May 5, 2018      2/3/2018      1/28/2017      1/30/2016     1/31/2015      2/1/2014  

Income (loss) from continuing operations before provision for income taxes

     132,375        451,204        147,429        (727,725     512,079        399,121  

Fixed charges

     1,729        6,284        8,267        8,639       9,866        10,475  
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 

Adjusted earnings (a)

     134,104        457,488        155,696        (719,086     521,945        409,596  

Interest expense

     244        685        368        706       1,167        1,876  

Amortization of debt discount and issuance costs on all indebtedness

     —          —          —          —         —          —    

Estimated interest portion of operating leases

     1,485        5,599        7,899        7,933       8,699        8,599  
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 

Fixed charges (b)

     1,729        6,284        8,267        8,639       9,866        10,475  

Ratio of earnings to fixed charges [(a) / (b)]

     77.56        72.80        18.83        (83.24 )     52.90        39.10  

 

* Earnings for the year ended January 30, 2016 were inadequate to cover fixed charges by $727,725.