EX-12.1 6 ex121ratioofearningstofixe.htm EXHIBIT 12.1 Exhibit
Exhibit 12.1

Caleres, Inc.
 
 
 
 
Computation of Ratio of Earnings to Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal Years Ended
 
Twenty-six Weeks Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
January 29, 2011
 
January 28, 2012
 
February 2, 2013
 
February 1, 2014
 
January 31, 2015
 
 
August 2, 2014
 
August 1, 2015
 
 (in millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings before income taxes
$
50.5

 
$
4.7

 
$
51.8

 
$
77.7

 
$
110.1

 
 
$
49.8

 
$
49.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
19.0

 
25.4

 
23.0

 
21.3

 
20.4

 
 
10.4

 
8.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest portion of rent expense (1)
30.1

 
30.5

 
29.0

 
28.7

 
28.6

 
 
14.2

 
14.4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EARNINGS BEFORE INCOME TAXES AND FIXED CHARGES
$
99.6

 
$
60.6

 
$
103.8

 
$
127.7

 
$
159.1

 
 
$
74.4

 
$
72.3

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
19.0

 
$
25.4

 
$
23.0

 
$
21.3

 
$
20.4

 
 
$
10.4

 
$
8.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Capitalized interest
1.3

 
—

 
—

 
—

 
—

 
 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest portion of rent expense (1)
30.1

 
30.5

 
29.0

 
28.7

 
28.6

 
 
14.2

 
14.4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL FIXED CHARGES
$
50.4

 
$
55.9

 
$
52.0

 
$
50.0

 
$
49.0

 
 
$
24.6

 
$
23.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
RATIO OF EARNINGS TO FIXED CHARGES
1.98

 
1.08

 
2.00

 
2.55

 
3.25

 
 
3.02

 
3.12

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Calculated as 20% of rent expense, which is a reasonable approximation of the interest factor.