Exhibit 12.1
DAVE & BUSTER’S, INC.
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(dollars in thousands, except ratios)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Thirteen Weeks Ended May 2, 2010 | | Thirteen Weeks Ended May 2, 2010 | | Thirteen Weeks Ended May 3, 2009 | | Fiscal Year Ended January 31, 2010 | | | Fiscal Year Ended January 31, 2010 | | | Fiscal Year Ended February 1, 2009 | | Fiscal Year Ended February 3, 2008 | | | 334-Day Period From March 8, 2006 To February 4, 2007 | | | | | 37-Day Period From January 30, 2006 To March 7, 2006(1) | | Fiscal Year Ended January 29, 2006(1) |
| | (Predecessor) | | (Pro forma) | | (Predecessor) | | (Predecessor) | | | (Pro forma) | | | (Predecessor) | | (Predecessor) | | | (Predecessor) | | | | | (Predecessor) | | (Predecessor) |
Income before provision for income taxes | | $ | 6,984 | | $ | 4,059 | | $ | 7,502 | | $ | (251 | ) | | $ | (11,194 | ) | | $ | 1,570 | | $ | (10,102 | ) | | $ | (20,655 | ) | | | | $ | 908 | | $ | 6,304 |
Add: Total fixed charges (per below) | | | 9,354 | | | 12,324 | | | 9,432 | | | 37,645 | | | | 48,362 | | | | 40,888 | | | 44,932 | | | | 39,199 | | | | | | 1,832 | | | 18,978 |
Less: Capitalized interest | | | 110 | | | 110 | | | 169 | | | 640 | | | | 640 | | | | 522 | | | 151 | | | | 252 | | | | | | 70 | | | 295 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total income before provision for income taxes, plus fixed charges, less capitalized interest | | | 16,228 | | | 16,273 | | | 16,765 | | | 36,754 | | | | 36,528 | | | | 41,936 | | | 34,679 | | | | 18,292 | | | | | | 2,670 | | | 24,987 |
Fixed charges: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest expense (2) | | | 5,419 | | | 8,389 | | | 5,624 | | | 22,438 | | | | 33,155 | | | | 26,787 | | | 31,681 | | | | 26,139 | | | | | | 688 | | | 7,429 |
Bridge funding fee | | | — | | | — | | | — | | | — | | | | — | | | | — | | | — | | | | 1,313 | | | | | | — | | | — |
Capitalized interest | | | 110 | | | 110 | | | 169 | | | 640 | | | | 640 | | | | 522 | | | 151 | | | | 252 | | | | | | 70 | | | 295 |
Estimate of interest included in rental expense (3) | | | 3,825 | | | 3,825 | | | 3,639 | | | 14,567 | | | | 14,567 | | | | 13,579 | | | 13,100 | | | | 11,495 | | | | | | 1,074 | | | 11,254 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total fixed charges | | $ | 9,354 | | $ | 12,324 | | $ | 9,432 | | $ | 37,645 | | | $ | 48,362 | | | $ | 40,888 | | $ | 44,932 | | | $ | 39,199 | | | | | $ | 1,832 | | $ | 18,978 |
Ratio of earnings to fixed charges (4) | | | 1.73x | | | 1.32x | | | 1.78x | | | — | | | | — | | | | 1.03x | | | — | | | | — | | | | | | 1.46x | | | 1.32x |
(1) | These periods represent operations of the Predecessor prior to acquisition of the Company by the sellers. |
(2) | Interest expense includes interest in association with debt and amortization of debt issuance costs. |
(3) | Fixed charges include our estimate of interest included in rental payments (one-third of rent expense under operating leases). |
(4) | Earnings for the fiscal year ended January 31, 2010, the pro forma fiscal year ended January 31, 2010, the fiscal year ended February 3, 2008, and 334-day period ended February 4, 2007, were insufficient to cover fixed charges by $891, $11,834 $10,253, and $20,907, respectively. |
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