Domino's Pizza (DPZ) 10-K 2012 FY Annual report

EXHIBIT 12.1

Domino’s Pizza, Inc.

Computation of Ratio of Earnings to Fixed Charges

	Fiscal years ended
(dollars in thousands)	December 28, 2008			January 3, 2010			January 2, 2011			January 1, 2012			December 30, 2012
Income before provision for income taxes	$	82,870		$	135,522		$	138,945		$	167,806		$	181,187
Fixed charges		127,441			123,596			109,149			103,577			113,483
Earnings as defined	$	210,311		$	259,118		$	248,094		$	271,383		$	294,670
Fixed charges(1):
Interest expense	$	114,906		$	110,945		$	96,810		$	91,635		$	101,448
Portion of rental expense representative of interest		12,535			12,651			12,339			11,942			12,035
Total fixed charges	$	127,441		$	123,596		$	109,149		$	103,577		$	113,483
Ratio of earnings to fixed charges		1.7	x		2.1	x		2.3	x		2.6	x		2.6	x

(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).