EX-12 14 exhibit12.htm EXHIBIT 12 RATIO OF EARNINGS TO FIXED CHARGES exhibit12.htm
EXHIBIT 12

 
bcfw
                                          
ratio of earnings to fixed charges footnote
                                          
(amounts in thousands)
                                          
         
 
    
 
                      
 
  
    Fiscal Year Ended    
29-Jun-05
to April 12, 2006
    
13-Apr-06
to June 3, 2006
    
Fiscal Year Ended
          
8 Months Ended January 30, 2010
  
   
2005
                
2007
    
2008
    
2009
        
Earnings:
                                          
     Income (Loss) before
     Provision for Income  
    Taxes
   $ 172,251     $ 150,944     $ (36,982 )   $ (72,624 )   $ (73,794 )   $ (338,572 )   $ 30,223  
Plus: Fixed Charges
   $ 47,775     $ 42,045     $ 29,223     $ 189,226     $ 183,063     $ 159,242     $ 106,766  
    $ 220,026     $ 192,989     $ (7,759 )   $ 116,602     $ 109,269     $ (179,330 )   $ 136,989  
                                                         
Fixed Charges:
                                                        
     Gross Interest Expense
   $ 7,132     $ 4,609     $ 18,093     $ 134,313     $ 122,684     $ 92,557     $ 59,547  
      Amortization of Deferred
      Debt Charges
   $ 98     $ 495     $ 5,283     $ 10,250     $ 10,310     $ 10,335     $ 8,238  
      Estimate of Interest
      Expense Within
      Operating Leases
   $ 40,546     $ 36,941     $ 5,847     $ 44,663     $ 50,069     $ 56,350     $ 38,981  
    $ 47,775     $ 42,045     $ 29,223     $ 189,226     $ 183,063     $ 159,242     $ 106,766  
                                                         
Ratio of Earnings to Fixed Charges
     4.6 x     4.6 x     *       *       *       *       1.3 x
                                                         
* Due to losses for the period April 13, 2006 to June 3, 2006 and the fiscal years ended June 2, 2007, May 31, 2008 and May 30, 2009, the coverage ratio was less than 1:1. BCFWC must generate additional pretax earnings of $ 37.0 million, $ 72.6 million, $73.8 million and $338.6 million respectively to achieve a ratio of 1:1 for the periods.