EX-12 3 dex12.htm RATIO OF EARNINGS TO FIXED CHARGES RATIO OF EARNINGS TO FIXED CHARGES
 
EXHIBIT 12
 
(Thousands except ratio amounts)
 
  Thirteen Weeks Ended
May 5,
2001
April 29,
2000
Adjusted Earnings
    
     
 
  
         
       
Pretax earnings     
  $54,691     
$111,950  
 
Portion of minimum rent ($170,179 in 2001 and
          $182,423 in 2000) representative of interest
    
 56,726     
60,808  
                   
Interest on indebtedness
    
 8,286     
14,008  
                   
Minority interest
    
 5,685     
10,861  
 
             
          Total earnings as adjusted
$125,388     
$197,627  
 
Fixed Charges
    
     
 
  
         
       
Portion of minimum rent representative of interest
  $56,726     
 $60,808  
 
Interest on indebtedness
    
 8,286     
14,008  
 
                   
          Total fixed charges
 $65,012     
$74,816  
  
  
 
 
Ratio of earnings to fixed charges
    
 1.93 x 
2.64
x