Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - PERRY ELLIS INTERNATIONAL, INC | d8k.htm |
Exhibit 12.1
The following tables sets forth our historical ratio of earnings to fixed charges for the periods indicated, in thousands:
| Nine Months Ended |
Fiscal Years Ended | |||||||||||||||||||||||
| October 30, 2010 |
January 30, 2010 |
January 31, 2009 |
January 31, 2008 |
January 31, 2007 |
January 31, 2006 |
|||||||||||||||||||
| Net income (loss) attributed to Perry Ellis International, Inc. |
$ | 16,401 | $ | 13,167 | $ | (12,890 | ) | $ | 28,173 | $ | 22,409 | $ | 22,682 | |||||||||||
| Add: |
||||||||||||||||||||||||
| Income tax provision (benefit) |
7,966 | 3,615 | (3,682 | ) | 15,785 | 12,311 | 12,639 | |||||||||||||||||
| Interest expense and amortization of debt costs |
10,617 | 17,908 | 18,183 | 18,362 | 21,895 | 22,871 | ||||||||||||||||||
| Costs of early extinguishment of debt |
730 | 357 | — | — | 2,963 | — | ||||||||||||||||||
| Estimated operating lease interest (b) |
3,146 | 4,197 | 3,967 | 3,118 | 2,774 | 2,669 | ||||||||||||||||||
| Total earnings available for fixed charges |
$ | 38,860 | $ | 39,244 | $ | 5,578 | $ | 65,438 | $ | 62,352 | $ | 60,861 | ||||||||||||
| Fixed Charges: |
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| Interest expense and amortization of debt costs |
$ | 10,617 | $ | 17,908 | $ | 18,183 | $ | 18,362 | $ | 21,895 | $ | 22,871 | ||||||||||||
| Costs of early extinguishment of debt |
730 | 357 | — | — | 2,963 | — | ||||||||||||||||||
| Estimated operating lease interest (b) |
3,146 | 4,197 | 3,967 | 3,118 | 2,774 | 2,669 | ||||||||||||||||||
| Total fixed charges |
$ | 14,493 | $ | 22,462 | $ | 22,150 | $ | 21,480 | $ | 27,632 | $ | 25,540 | ||||||||||||
| Ratio of earnings to fixed charges |
2.7 | 1.8 | (a | ) | 3.1 | 2.3 | 2.4 | |||||||||||||||||
| (a) | The earnings available for fixed charges for the year ended January 31, 2009 were inadequate to cover the total fixed charges. The coverage deficiencies in earnings available for fixed charges for a one-to-one ratio for the year ended January 31, 2009 were $16.6 million. |
| (b) | The estimated interest portions of operating leases were calculated based upon the company’s lease portfolio and cost of borrowing. |