Exhibit 12
DAVE & BUSTER’S, INC.
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(dollars in thousands, except ratios)
| | 236 Day Period
from March 8,
2006
to October 29, 2006 | | | | 37 Day Period
from
January 30, 2006
to March 7, 2006 | | Thirty-nine
weeks ended
October 30,
2005 | |
| | (Successor) | | | | (Predecessor) | | (Predecessor) | |
| | | | | | | | | |
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: | | | | | | | | | |
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 | |
| | | | | | | | | |
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.
