Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - TAILORED BRANDS INC | tlrd-20180203ex322bf7d63.htm |
| EX-32.1 - EX-32.1 - TAILORED BRANDS INC | tlrd-20180203ex32150f0b5.htm |
| EX-31.2 - EX-31.2 - TAILORED BRANDS INC | tlrd-20180203ex31213750e.htm |
| EX-31.1 - EX-31.1 - TAILORED BRANDS INC | tlrd-20180203ex311e530fe.htm |
| EX-23.1 - EX-23.1 - TAILORED BRANDS INC | tlrd-20180203ex231296631.htm |
| EX-21.1 - EX-21.1 - TAILORED BRANDS INC | tlrd-20180203ex211574b46.htm |
| 10-K - 10-K - TAILORED BRANDS INC | tlrd-20180203x10k.htm |
Exhibit 12
Tailored Brands, Inc.
Computation of Ratio of Earnings to Fixed Charges
(In thousands, except ratio data)
|
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|
Fiscal Year Ended(1) |
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|
|
|
February 3, |
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January 28, |
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January 30, |
|
January 31, |
|
February 1, |
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|
|
|
2018 |
|
2017 |
|
2016 |
|
2015 |
|
2014 |
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|
Earnings (Loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (loss) before income taxes |
|
$ |
134,954 |
|
$ |
31,581 |
|
$ |
(1,195,761) |
|
$ |
5,376 |
|
$ |
126,808 |
|
Add: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed charges |
|
|
184,472 |
|
|
189,436 |
|
|
194,702 |
|
|
143,613 |
|
|
61,244 |
|
Adjusted Earnings (Loss) |
|
|
319,426 |
|
|
221,017 |
|
|
(1,001,059) |
|
|
148,989 |
|
|
188,052 |
|
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
|
100,471 |
|
|
103,149 |
|
|
105,977 |
|
|
66,032 |
|
|
3,205 |
|
Portion of rent expense under operating leases deemed to be the equivalent of interest |
|
|
84,001 |
|
|
86,287 |
|
|
88,725 |
|
|
77,581 |
|
|
58,039 |
|
Total Fixed Charges |
|
|
184,472 |
|
|
189,436 |
|
|
194,702 |
|
|
143,613 |
|
|
61,244 |
|
Ratio of Earnings to Fixed Charges(2) (3) |
|
|
1.73 |
|
|
1.17 |
|
|
— |
|
|
1.04 |
|
|
3.07 |
|
(1) |
All fiscal years for which financial information is included herein had 52 weeks with the exception of the fiscal year ended February 3, 2018 which had 53 weeks. |
|
(2) |
For purposes of computing the ratio of earnings to fixed charges, earnings consist of earnings before income taxes plus fixed charges. Fixed charges consists of interest incurred on indebtedness, including amortization of debt expenses including any discount on indebtedness, and the portion of rental expense under operating leases deemed to be the equivalent of interest. |
|
(3) |
In fiscal 2015, our earnings were insufficient to cover fixed charges by $806.4 million. |