EX-12.1
Published on June 13, 2018
Exhibit 12.1
| Ratio of Earnings to Fixed Charges | Fiscal Year Ended | |||||||||||||||||||||||
| Three Months Ended | ||||||||||||||||||||||||
| (In thousands) | May 5, 2018 | 2/3/2018 | 1/28/2017 | 1/30/2016 | 1/31/2015 | 2/1/2014 | ||||||||||||||||||
| Income (loss) from continuing operations before provision for income taxes |
132,375 | 451,204 | 147,429 | (727,725 | ) | 512,079 | 399,121 | |||||||||||||||||
| Fixed charges |
1,729 | 6,284 | 8,267 | 8,639 | 9,866 | 10,475 | ||||||||||||||||||
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| Adjusted earnings (a) |
134,104 | 457,488 | 155,696 | (719,086 | ) | 521,945 | 409,596 | |||||||||||||||||
| Interest expense |
244 | 685 | 368 | 706 | 1,167 | 1,876 | ||||||||||||||||||
| Amortization of debt discount and issuance costs on all indebtedness |
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| Estimated interest portion of operating leases |
1,485 | 5,599 | 7,899 | 7,933 | 8,699 | 8,599 | ||||||||||||||||||
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| Fixed charges (b) |
1,729 | 6,284 | 8,267 | 8,639 | 9,866 | 10,475 | ||||||||||||||||||
| Ratio of earnings to fixed charges [(a) / (b)] |
77.56 | 72.80 | 18.83 | (83.24 | )* | 52.90 | 39.10 | |||||||||||||||||
| * | Earnings for the year ended January 30, 2016 were inadequate to cover fixed charges by $727,725. |