Attached files
file | filename |
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EX-23 - EXHIBIT 23 - PEP BOYS MANNY MOE & JACK | a2197963zex-23.htm |
EX-31.2 - EXHIBIT 31.2 - PEP BOYS MANNY MOE & JACK | a2197963zex-31_2.htm |
EX-31.1 - EXHIBIT 31.1 - PEP BOYS MANNY MOE & JACK | a2197963zex-31_1.htm |
EX-32.2 - EXHIBIT 32.2 - PEP BOYS MANNY MOE & JACK | a2197963zex-32_2.htm |
EX-32.1 - EXHIBIT 32.1 - PEP BOYS MANNY MOE & JACK | a2197963zex-32_1.htm |
10-K - 10-K - PEP BOYS MANNY MOE & JACK | a2197963z10-k.htm |
Exhibit 12
Fiscal Year Ended
|
January 30, 2010 |
January 31, 2009 |
February 2, 2008 |
February 3, 2007 |
January 28, 2006 |
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|
(in thousands, except ratios) |
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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.