EX-12 35 a2223841zex-12.htm EX-12

Exhibit 12

 

The Men’s Wearhouse, Inc.

Computation of Ratio of Earnings to Fixed Charges

(In thousands, except ratio data)

 

 

 

Fiscal Year Ended(1)

 

 

 

January 31,
2015

 

February 1,

2014

 

February 2,
2013

 

January 28,
2012

 

January 29,
2011

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

Earnings before income taxes

 

$

5,376

 

$

126,808

 

$

197,672

 

$

184,410

 

$

100,530

 

Add:

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

145,771

 

61,244

 

57,454

 

55,939

 

54,815

 

Adjusted Earnings

 

151,147

 

188,052

 

255,126

 

240,349

 

155,345

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

68,190

 

3,205

 

1,544

 

1,446

 

1,456

 

Loss on extinguishment of debt

 

2,158

 

 

 

 

 

 

Portion of rent expense under operating leases deemed to be the equivalent of interest

 

77,581

 

58,039

 

55,910

 

54,493

 

53,359

 

Total Fixed Charges

 

145,771

 

61,244

 

57,454

 

55,939

 

54,815

 

Ratio of Earnings to Fixed Charges(2)

 

1.0

x

3.1

x

4.4

x

4.3

x

2.8

x

 


(1)  All fiscal years for which financial information is included herein had 52 weeks with the exception of the fiscal year ended February 2, 2013 which had 53 weeks.

 

(2)  For purposes of computing the ratio of earnings to fixed charges, earnings consist of earnings before income taxes plus fixed charges.  Fixed charges consists of interest incurred on indebtedness, including amortization of debt expenses including any discount on indebtedness, loss on extinguishment of debt, if any, and the portion of rental expense under operating leases deemed to be the equivalent of interest.