Attached files
EXHIBIT 12.1
Dominos Pizza, Inc.
Computation of Ratio of Earnings to Fixed Charges
Fiscal years ended | |||||||||||||||
(dollars in thousands) |
January 1, 2006 |
December 31, 2006 |
December 30, 2007 |
December 28, 2008 |
January 3, 2010 | ||||||||||
Income before provision for income taxes |
$ | 173,251 | $ | 160,425 | $ | 55,559 | $ | 82,870 | $ | 135,522 | |||||
Fixed charges |
61,846 | 67,951 | 143,190 | 127,441 | 123,596 | ||||||||||
Earnings as defined |
$ | 235,097 | $ | 228,376 | $ | 198,749 | $ | 210,311 | $ | 259,118 | |||||
Fixed charges (1): |
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Interest expense |
$ | 48,755 | $ | 55,011 | $ | 130,374 | $ | 114,906 | $ | 110,945 | |||||
Portion of rental expense representative of interest |
13,091 | 12,940 | 12,816 | 12,535 | 12,651 | ||||||||||
Total fixed charges |
$ | 61,846 | $ | 67,951 | $ | 143,190 | $ | 127,441 | $ | 123,596 | |||||
Ratio of earnings to fixed charges |
3.8x | 3.4x | 1.4x | 1.7x | 2.1x | ||||||||||
(1) | Fixed charges are determined as defined in instructions for Item 503 of Regulation S-K and include interest expense and our estimate of interest included in rental expense (one-third of rent expense under operating leases). |