Attached files
Exhibit 12.1
DAVE & BUSTERS, INC.
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(dollars in thousands, except ratios)
244 Days Ended January 30, 2011 |
120 Days Ended May 31, 2010 |
Fiscal Year Ended January 31, 2010 |
Fiscal Year
Ended February 1, 2009 |
|||||||||||||
Income before provision for income taxes |
$ | (7,708 | ) | $ | (2,735 | ) | $ | (251 | ) | $ | 1,570 | |||||
Add: Total fixed charges (per below) |
35,801 | 12,177 | 37,645 | 40,888 | ||||||||||||
Less: Capitalized interest |
62 | 110 | 640 | 522 | ||||||||||||
Total income before provision for income taxes, plus fixed charges, less capitalized interest |
28,031 | 9,332 | 36,754 | 41,936 | ||||||||||||
Fixed charges: |
||||||||||||||||
Interest expense (1) |
25,673 | 7,071 | 22,438 | 26,787 | ||||||||||||
Capitalized interest |
62 | 110 | 640 | 522 | ||||||||||||
Estimate of interest included in rental expense (2) |
10,066 | 4,996 | 14,567 | 13,579 | ||||||||||||
Total fixed charges |
$ | 35,801 | $ | 12,177 | $ | 37,645 | $ | 40,888 | ||||||||
Ratio of earnings to fixed charges (3) |
0.78x | 0.77x | 0.98x | 1.03x |
(1) | Interest expense includes interest in association with debt and amortization of debt issuance costs. |
(2) | Fixed charges include our estimate of interest included in rental payments (one-third of rent expense under operating leases). |
(3) | Earnings for the 244 days ended January 30, 2011, 120 days ended May 31, 2010 and January 31, 2010 were insufficient to cover the fixed charges by $7,770, $2,845 and $891, respectively. |