Attached files

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EX-23 - EXHIBIT 23 - PEP BOYS MANNY MOE & JACKa2197963zex-23.htm
EX-31.2 - EXHIBIT 31.2 - PEP BOYS MANNY MOE & JACKa2197963zex-31_2.htm
EX-31.1 - EXHIBIT 31.1 - PEP BOYS MANNY MOE & JACKa2197963zex-31_1.htm
EX-32.2 - EXHIBIT 32.2 - PEP BOYS MANNY MOE & JACKa2197963zex-32_2.htm
EX-32.1 - EXHIBIT 32.1 - PEP BOYS MANNY MOE & JACKa2197963zex-32_1.htm
10-K - 10-K - PEP BOYS MANNY MOE & JACKa2197963z10-k.htm

Exhibit 12

Fiscal Year Ended
  January 30,
2010
  January 31,
2009
  February 2,
2008
  February 3,
2007
  January 28,
2006
 
 
  (in thousands, except ratios)
 
 

Interest

  $ 21,704   $ 27,048   $ 51,293   $ 49,342   $ 49,040  
 

Interest factor in rental expense

    25,088     25,717     23,085     19,984     22,534  
 

Capitalized interest

                799     867  
                       

(a) Fixed charges, as defined

  $ 46,792   $ 52,765   $ 74,378   $ 70,125   $ 72,441  
                       
 

Earnings (loss) from continuing operations before income taxes and cumulative effect of change in accounting principle

  $ 37,616   $ (34,977 ) $ (63,032 ) $ (13,470 ) $ (57,622 )
 

Fixed charges

    46,792     52,765     74,378     70,125     72,441  
 

Capitalized interest

                (799 )   (867 )
                       

(b) Earnings, as defined

  $ 84,408   $ 17,788   $ 11,346   $ 55,856   $ 13,952  
                       

(c) Ratio of earnings to fixed charges (b÷a)

    1.8                  
                       

        The ratio of earnings to fixed charges is completed by dividing earnings by fixed charges. "Earnings" consist of earnings before income taxes plus fixed charges (exclusive of capitalized interest costs) plus one-third of rental expense (which amount is considered representative of the interest factor in rental expense). Earnings, as defined, were not sufficient to cover fixed charges by approximately $34,977, $63,032, $14,269 and $58,489 for fiscal 2008, 2007, 2006 and 2005, respectively.