EX-12 2 j1881801exv12.htm EX-12 EX-12
 

Exhibit 12
Calculation of Ratio of Earnings to Fixed Charges
(in thousands)
                                                         
                                            Six Months Ended  
            Years Ended July 31,             January 30,     January 29,  
    2001     2002     2003     2004     2005     2005 (1)     2006  
     
Earnings
                                                        
Income (loss) before cumulative effect of change in accounting principle
   $ 34,206     $ 12,878     $ 12,392     $ 26,649     $ 57,173     ($ 1,245 )   $ 55,286  
Income tax provision (benefit)
     20,091       6,343       2,635       15,232       35,915       (823 )     34,663  
     
Earnings (loss)
     54,297       19,221       15,027       41,881       93,088       (2,068 )     89,949  
     
 
                                                        
Fixed Charges
                                                        
Interest expense
     22,195       16,255       27,985       38,098       32,198       17,318       14,355  
Portion of rental expense representative of interest factor
     2,082       3,030       3,034       3,264       3,429       1,827       1,521  
     
Fixed charges
     24,277       19,285       31,019       41,362       35,627       19,145       15,876  
     
 
                                                        
Earnings before income tax provision and fixed charges
   $ 78,574     $ 38,506     $ 46,046     $ 83,243     $ 128,715     $ 17,077     $ 105,825  
     
 
                                                        
Ratio of earnings to fixed charges
     3.2x       2.0x       1.5x       2.0x       3.6x       ¾       6.7x  
     
 
(1)   For the six months ended January 30, 2005, earnings were insufficient to cover fixed charges.