EX-12.1 3 s3exhibit12.htm EXHIBIT 12.1 s3exhibit12.htm
 
 
 

EXHIBIT 12.1


CHARMING SHOPPES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)

   
Year Ended
    
Quarter Ended
  
   
February 1,
    
January 31,
    
January 29,
    
January 28,
    
February 3,
    
May 5,
  
   
2003
    
2004
    
2005
    
2006
    
2007
    
2007
  
                                     
Earnings:
                                    
Income before income taxes
   $
69,450
     $
59,523
     $
101,668
     $
152,401
     $
166,123
     $
40,962
  
Fixed charges (see below)
    
79,997
      
73,863
      
73,450
      
80,083
      
85,779
      
21,117
  
Capitalized interest
    
–
       (725 )    
–
      
–
      
–
      
–
  
Amortization of capitalized interest
    
124
      
132
      
137
      
88
      
19
      
5
  
Earnings before fixed charges
   $
149,571
     $
132,793
     $
175,255
     $
232,572
     $
251,921
     $
62,084
  
                                                 
Fixed Charges:
                                                
Interest expense
   $
20,292
     $
15,609
     $
15,610
     $
17,911
     $
14,746
     $
3,263
  
Capitalized interest
    
–
      
725
      
–
      
–
      
–
      
–
  
Amortization of capitalized interest
     (124 )     (132 )     (137 )     (88 )     (19 )     (5 )
Total interest
    
20,168
      
16,202
      
15,473
      
17,823
      
14,727
      
3,258
  
Interest component of operating leases
    
59,829
      
57,661
      
57,977
      
62,260
      
71,052
      
17,859
  
Total fixed charges
   $
79,997
     $
73,863
     $
73,450
     $
80,083
     $
85,779
     $
21,117
  
                                                 
Ratio of earnings to fixed charges
    
1.87
      
1.80
      
2.39
      
2.90
      
2.94
      
2.94