CKE RESTAURANTS INC - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - RATIO OF EARNINGS TO FIXED CHARGES - April 15, 2011

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10-K - FORM 10-K - CKE RESTAURANTS INCfy1110-k.htm
EX-10.8 - EXHIBIT 10.8 - PATENT SECURITY AGREEMENT, DATED AS OF JULY 12, 2010, AMONG THE GRANTORS IDENTIFIED THEREIN AND MORGAN STANLEY SENIOR FUNDING, INC., AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT - CKE RESTAURANTS INCex108.htm
EX-10.4 - EXHIBIT 10.4 - GUARANTEE AND PLEDGE AGREEMENT, DATED AS OF JULY 12, 2010, BETWEEN COLUMBIA LAKE ACQUISITION CORP. (MERGED WITH AND INTO CKE RESTAURANTS, INC.) AND MORGAN STANLEY SENIOR FUNDING, INC., AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT - CKE RESTAURANTS INCex104.htm
EX-21.1 - EXHIBIT 21.1 - LIST OF SUBSIDIARIES - CKE RESTAURANTS INCex211.htm
EX-32.2 - EXHIBIT 32.2 - CERTIFICATION OF CFO - CKE RESTAURANTS INCex322.htm
EX-31.1 - EXHIBIT 31.1 - CERTIFICATION OF CEO - CKE RESTAURANTS INCex311.htm
EX-32.1 - EXHIBIT 32.1 - CERTIFICATION OF CEO - CKE RESTAURANTS INCex321.htm
EX-31.2 - EXHIBIT 31.2 - CERTIFICATION OF CFO - CKE RESTAURANTS INCex312.htm
EX-18.1 - EXHIBIT 18.1 - PREFERABILITY LETTER OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - CKE RESTAURANTS INCex181.htm
EX-10.6 - EXHIBIT 10.6 - COPYRIGHT SECURITY AGREEMENT, DATED AS OF JULY 12, 2010, AMONG THE GRANTORS IDENTIFIED THEREIN, AND MORGAN STANLEY SENIOR FUNDING, INC., AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT - CKE RESTAURANTS INCex106.htm
EX-10.10 - EXHIBIT 10.10 - TRADEMARK SECURITY AGREEMENT, DATED AS OF JULY 12, 2010, AMONG THE GRANTORS IDENTIFIED THEREIN AND MORGAN STANLEY SENIOR FUNDING, INC., AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT - CKE RESTAURANTS INCex1010.htm
Exhibit 12.1

CKE RESTAURANTS, INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
(Unaudited)

   
Successor
    
Predecessor
  
   
Twenty-Nine
Weeks Ended
January 31, 2011
    
Twenty-Four
Weeks Ended
July 12, 2010
    
Fiscal 2010
    
Fiscal 2009
    
Fiscal 2008
    
Fiscal 2007
  
Earnings(1):
                                    
(Loss) income before income taxes and discontinued operations
   $ (40,083 )   $ 257     $ 63,176     $ 58,489     $ 59,731     $ 88,213  
Fixed charges
     61,527       22,973       50,413       59,977       64,291       50,231  
Less: capitalized interest
     (414 )     (282 )     (766 )     (1,294 )     (2,059 )     (784 )
    $ 21,030     $ 22,948     $ 112,823     $ 117,172     $ 121,963     $ 137,660  
                                                 
Fixed charges(2):
                                                
Interest expense
   $ 43,689     $ 8,617     $ 19,254     $ 28,609     $ 33,033     $ 19,768  
Capitalized interest
     414       282       766       1,294       2,059       784  
Interest component of rent expense
     17,424       14,074       30,393       30,074       29,199       29,679  
    $ 61,527     $ 22,973     $ 50,413     $ 59,977     $ 64,291     $ 50,231  
                                                 
Ratio of earnings to fixed charges
     0.3       1.0       2.2       2.0       1.9       2.7  
                                                 
Deficiency (if fixed charges exceed earnings)
   $ (40,497 )   $ (25 )   $ —     $ —     $ —     $ —  
Rent expense
     52,273       42,221       91,178       90,221       87,597       89,038  
Interest component (1/3 of rent expense)
     17,424       14,074       30,393       30,074       29,199       29,679  
____________
(1)
“Earnings” consists of (loss) income before income taxes and discontinued operations plus fixed charges less capitalized interest.
(2)
“Fixed charges” include interest both expensed and capitalized, amortized discounts and capitalized expenses related to indebtedness and an estimate of the interest within rental expense.

CKE RESTAURANTS INC Reports