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Mattress Firm Holding Corp. – ‘S-3ASR’ on 7/14/14 – EX-12.1

On:  Monday, 7/14/14, at 5:24pm ET   ·   Effective:  7/14/14   ·   Accession #:  1047469-14-6192   ·   File #:  333-197410

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 7/14/14  Mattress Firm Holding Corp.       S-3ASR      7/14/14    5:378K                                   Merrill Corp/New/FA

Automatic Shelf Registration Statement for Securities of a Well-Known Seasoned Issuer   —   Form S-3
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-3ASR      Automatic Shelf Registration Statement for          HTML    179K 
                          Securities of a Well-Known Seasoned                    
                          Issuer                                                 
 2: EX-5.1      Opinion re: Legality                                HTML     21K 
 3: EX-12.1     Statement re: Computation of Ratios                 HTML     50K 
 4: EX-23.2     Consent of Experts or Counsel                       HTML      8K 
 5: EX-23.3     Consent of Experts or Counsel                       HTML      8K

EX-12.1   —   Statement re: Computation of Ratios
Exhibit Table of Contents

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11st Page   -   Filing Submission
"Exhibit 12.1
"Statement of Computation of Ratios of Earnings to Fixed Charges and Earnings to Combined Fixed Charges and Preferred Stock Dividends
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Exhibit 12.1

STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

        The following table sets forth our ratios of earnings to fixed charges and earnings to combined fixed changes and preferred stock dividends for each of the periods shown.

 
   Year Ended
February 2,
 2010 		  Year Ended
February 1,
 2011 		  Year Ended
January 31,
 2012 		  Year Ended
January 29,
 2013 		  Year Ended
January 28,
 2014 		  Three Months
Ended
April 29, 2014 		 
 
   (in thousands, except ratios)
  

Earnings:

                                      

Consolidated pretax income (loss)

   $ (3,268 ) $ 1,195   $ 25,536   $ 66,569   $ 86,082   $ 12,611  

Fixed charges

     47,458     53,064     55,429     47,649     58,334     16,880  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total earnings available for fixed charges

   $ 44,190   $ 54,259   $ 80,965   $ 114,218   $ 144,416   $ 29,491  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           

Fixed Charges:

                                      

Interest expense

   $ 25,341   $ 29,041   $ 27,032   $ 7,296   $ 8,932   $ 2,432  

Estimated interest portion of rent expense

     20,332     22,002     26,119     38,391     47,452     14,064  

Amortization of debt issue costs

     1,785     2,021     2,278     1,962     1,950     384  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Fixed Charges

   $ 47,458   $ 53,064   $ 55,429   $ 47,649   $ 58,334   $ 16,880  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           

Preferred Stock Dividends

     —     —     —     —     —     —  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           

Ratio of earnings to fixed charges*

     —     1.02x     1.46x     2.40x     2.48x     1.75x  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           

Ratio of earnings to combined fixed charges and preferred stock dividends*

     —     1.02x     1.46x     2.40x     2.48x     1.75x  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           

Deficiency of earnings available to cover fixed charges

   $ 3,268     —     —     —     —     —  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           
*
Earnings for the fiscal year ended February 2, 2010 were inadequate to cover fixed charges by a deficiency of $3.3 million, and did not cover combined fixed charges and preferred stock dividends by $3.3 million.

        These ratios are computed by dividing the total earnings by either the total fixed charges or combined total fixed charges and preferred stock dividends. For purposes of calculating the ratio of earnings to fixed charges, earnings represent pre-tax income from continuing operations plus fixed charges. Fixed charges consist of interest expense on all indebtedness plus amortization of debt issuance costs and the portion of rental expense that we believe is representative of the interest component of rental expense.



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STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘S-3ASR’ Filing    Date    Other Filings
Filed on / Effective on:7/14/144
4/29/1410-Q,  4
1/28/1410-K,  5
1/29/1310-K
1/31/1210-K,  10-K/A
2/1/11
2/2/10
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Filing Submission 0001047469-14-006192   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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