Exhibit 12
DAVE & BUSTER’S, INC.
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(dollars in thousands, except ratios)
|
| 236 Day Period |
|
|
| 37 Day Period |
| Thirty-nine |
| |||
|
| (Successor) |
|
|
| (Predecessor) |
| (Predecessor) |
| |||
|
|
|
|
|
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|
|
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Income before provision for income taxes |
| $ | (17,906 | ) |
|
| $ | 908 |
| $ | 168 |
|
Add: Total fixed charges (per below) |
| 27,589 |
|
|
| 1,832 |
| 14,106 |
| |||
Less: Capitalized interest |
| 253 |
|
|
| 70 |
| 340 |
| |||
Total income before provision for income taxes, plus fixed charges, less capitalized interest |
| 9,430 |
|
|
| 2,670 |
| 13,934 |
| |||
|
|
|
|
|
|
|
|
|
| |||
Fixed charges: |
|
|
|
|
|
|
|
|
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Interest expense (1) |
| 17,942 |
|
|
| 688 |
| 5,357 |
| |||
Bridge funding fee |
| 1,313 |
|
|
|
|
|
|
| |||
Capitalized interest |
| 253 |
|
|
| 70 |
| 340 |
| |||
Estimate of interest included in rental expense (2) |
| 8,081 |
|
|
| 1,074 |
| 8,409 |
| |||
Total fixed charges |
| $ | 27,589 |
|
|
| $ | 1,832 |
| $ | 14,106 |
|
|
|
|
|
|
|
|
|
|
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Ratio of earnings to fixed charges (3) |
| 0.34 | x |
|
| 1.46 | x | 0.99 | x |
(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 236 day period ended October 29, 2006 (Successor) and thirty-nine week period ended October, 29, 2005 were insufficient to cover the fixed charges by $18,159 and $172, respectively.