EXHIBIT 12.1
CKE Restaurants, Inc.
Ratio of Earnings to Fixed Charges
Sixteen Weeks Ended | ||||||||||||||||||||||||||||
2001 | 2002 | 2003 | 2004 | 2005 | May 17, 2004 | May 23, 2005 | ||||||||||||||||||||||
Fiscal year | ||||||||||||||||||||||||||||
Earnings before fixed charges | ||||||||||||||||||||||||||||
Income (loss) before taxes, discontinued operations and cumulative effect of accounting change for goodwill | (214,938 | ) | (85,308 | ) | 12,121 | (48,013 | ) | 17,070 | 11,018 | 16,638 | ||||||||||||||||||
Fixed charges | 103,843 | 81,510 | 69,481 | 70,404 | 68,692 | 21,045 | 17,011 | |||||||||||||||||||||
(111,095 | ) | (3,798 | ) | 81,602 | 22,391 | 85,762 | 32,063 | 33,649 | ||||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||
Interest expense | 70,509 | 53,906 | 39,924 | 39,962 | 36,748 | 11,720 | 7,373 | |||||||||||||||||||||
Interest component of rent expense | 33,334 | 27,604 | 29,557 | 30,442 | 31,944 | 9,325 | 9,638 | |||||||||||||||||||||
103,843 | 81,510 | 69,481 | 70,404 | 68,692 | 21,045 | 17,011 | ||||||||||||||||||||||
Ratio of earnings to fixed charges | — | — | 1.2 | — | 1.2 | 1.5 | 2.0 | |||||||||||||||||||||
Deficiency (if any) | (214,938 | ) | (85,308 | ) | (48,013 | ) | ||||||||||||||||||||||
Rent expense | 100,003 | 82,812 | 88,672 | 91,325 | 95,833 | 27,976 | 28,915 | |||||||||||||||||||||
Interest component (1/3 of rent expense) | 33,334 | 27,604 | 29,557 | 30,442 | 31,944 | 9,325 | 9,638 |