- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
Exhibit 12.1
DAVE & BUSTER’S, INC.
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(dollars in thousands, except ratios)
| 334-Day Period from |
|
| 37-Day Period from |
| January 29, |
| ||||
|
| (Successor) |
|
| (Predecessor) |
| (Predecessor) |
| |||
|
|
|
|
|
|
|
|
| |||
Income before provision for income taxes |
| $ | (20,655 | ) |
| $ | 908 |
| $ | 6,304 |
|
Add: Total fixed charges (per below) |
| 39,199 |
|
| 1,832 |
| 18,978 |
| |||
Less: Capitalized interest |
| 252 |
|
| 70 |
| 295 |
| |||
Total income before provision for income taxes, plus fixed charges, less capitalized interest |
| 18,292 |
|
| 2,670 |
| 24,987 |
| |||
|
|
|
|
|
|
|
|
| |||
Fixed charges: |
|
|
|
|
|
|
|
| |||
Interest expense (1) |
| 26,139 |
|
| 688 |
| 7,429 |
| |||
Bridge funding fee |
| 1,313 |
|
| — |
| — |
| |||
Capitalized interest |
| 252 |
|
| 70 |
| 295 |
| |||
Estimate of interest included in rental expense (2) |
| 11,495 |
|
| 1,074 |
| 11,254 |
| |||
Total fixed charges |
| $ | 39,199 |
|
| $ | 1,832 |
| $ | 18,978 |
|
|
|
|
|
|
|
|
|
| |||
Ratio of earnings to fixed charges (3) |
| 0.47 | x |
| 1.46 | x | 1.32 | 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 334-day period ended February 4, 2007 (Successor) were insufficient to cover the fixed charges by $20,907. |