EX-12.1 2 exhibit12-1.htm RATIO OF EARNINGS TO FIXED CHARGES exhibit12-1.htm
 
Exhibit 12.1
 

 
bcfw
                                          
ratio of earnings to fixed charges footnote
                                          
(amounts in thousands)
                                          
   
29-Jun-05
    
13-Apr-06
                      
  8 months ended
  
   
to April 12, 2006
    
to June 3, 2006
    
Fiscal Year Ended
    
January 30, 2010
    
Fiscal Year Ended
  
               
2007
    
2008
    
2009
          
2010
  
Earnings:
                                          
     Income (Loss) before
     Provision for Income
     Taxes
   $ 150,944     $ (36,982 )   $ (72,624 )   $ (73,794 )   $ (338,572 )   $ 30,223     $ 53,128  
Plus: Fixed Charges
   $ 42,045     $ 29,223     $ 189,226     $ 183,063     $ 159,242     $ 106,766     $ 130,026  
                                                         
    $ 192,989     $ (7,759 )   $ 116,602     $ 109,269     $ (179,330 )   $ 136,989     $ 183,154  
                                                         
Fixed Charges:
                                                        
     Gross Interest Expense
   $ 4,609     $ 18,093     $ 134,313     $ 122,684     $ 92,557     $ 59,547     $ 99,309  
      Amortization of Deferred
      Debt Charges
   $ 495     $ 5,283     $ 10,250     $ 10,310     $ 10,335     $ 8,238     $ 12,346  
      Estimate of Interest
      Expense Within
     Operating Leases
   $ 36,941     $ 5,847     $ 44,663     $ 50,069     $ 56,350     $ 38,981     $ 18,371  
                                                         
    $ 42,045     $ 29,223     $ 189,226     $ 183,063     $ 159,242     $ 106,766     $ 130,026  
                                                         
Ratio of Earnings to Fixed Charges
     4.6x       *       *       *       *       1.3x       1.4x  
                                                         
* 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.