Attached files
| file | filename |
|---|---|
| 10-K - 10-K - Neiman Marcus Group LTD LLC | a2015080110-k.htm |
| EX-21.1 - EXHIBIT 21.1 - Neiman Marcus Group LTD LLC | exhibit211-yefy15.htm |
| EX-31.1 - EXHIBIT 31.1 - Neiman Marcus Group LTD LLC | exhibit311-yefy15.htm |
| EX-31.2 - EXHIBIT 31.2 - Neiman Marcus Group LTD LLC | exhibit312-yefy15.htm |
| EX-32.1 - EXHIBIT 32.1 - Neiman Marcus Group LTD LLC | exhibit321-yefy15.htm |
EXHIBIT 12.1
NEIMAN MARCUS GROUP LTD LLC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
Fiscal year ended | Thirty-nine weeks ended | Thirteen weeks ended | Fiscal year ended | Fiscal year ended | Fiscal year ended | ||||||||||||||||||||
(in thousands, except ratios) | August 1, 2015 | August 2, 2014 | November 2, 2013 | August 3, 2013 | July 28, 2012 | July 30, 2011 | |||||||||||||||||||
(Successor) | (Successor) | (Predecessor) | (Predecessor) | (Predecessor) | (Predecessor) | ||||||||||||||||||||
Fixed charges: | |||||||||||||||||||||||||
Interest on debt | $ | 267,752 | $ | 216,281 | $ | 34,998 | $ | 160,839 | $ | 167,916 | $ | 266,816 | |||||||||||||
Amortization of debt discount and expense | 24,560 | 17,117 | 2,466 | 8,404 | 8,457 | 14,661 | |||||||||||||||||||
Interest element of rentals | 33,462 | 23,232 | 7,293 | 29,139 | 27,687 | 26,301 | |||||||||||||||||||
Total fixed charges | $ | 325,774 | $ | 256,630 | $ | 44,757 | $ | 198,382 | $ | 204,060 | $ | 307,778 | |||||||||||||
Earnings (loss): | |||||||||||||||||||||||||
Earnings (loss) from continuing operations before income taxes | $ | 28,076 | $ | (223,908 | ) | $ | (5,179 | ) | $ | 277,432 | $ | 228,337 | $ | 49,264 | |||||||||||
Add back: | |||||||||||||||||||||||||
Fixed charges | 325,774 | 256,630 | 44,757 | 198,382 | 204,060 | 307,778 | |||||||||||||||||||
Amortization of capitalized interest | 1,208 | 886 | 295 | 1,181 | 1,142 | 1,115 | |||||||||||||||||||
Less: | |||||||||||||||||||||||||
Capitalized interest | (2,361 | ) | (630) | (140) | (237) | (1,080) | (535) | ||||||||||||||||||
Total earnings | $ | 352,697 | $ | 32,978 | $ | 39,733 | $ | 476,758 | $ | 432,459 | $ | 357,622 | |||||||||||||
Ratio of earnings to fixed charges (a) | 1.1 | (b) | (c) | 2.4 | 2.1 | 1.2 | |||||||||||||||||||
(a) | Interest associated with income tax liabilities is excluded from our calculation. |
(b) | For the thirty-nine weeks ended August 2, 2014, the aggregate amount of fixed charges exceeded our earnings by approximately $223.7 million, which is the amount of additional earnings that would have been required to achieve a ratio of earnings to fixed charges of 1.0x for such period. |
(c) | For the thirteen weeks ended November 2, 2013, the aggregate amount of fixed charges exceeded our earnings by approximately $5.0 million, which is the amount of additional earnings that would have been required to achieve a ratio of earnings to fixed charges of 1.0x for such period. |