Exhibit 12.1
DAVE & BUSTER’S, INC.
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(dollars in thousands, except ratios)
|
| Twenty-Six |
| 145-Day Period From |
|
| 37-Day Period From |
| |||
|
| (Successor) |
| (Successor) |
|
| (Predecessor) |
| |||
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Income (loss) before provision for income taxes |
| $ | (3,560 | ) | $ | (9,248 | ) |
| $ | 908 |
|
Add: Total fixed charges (per below) |
| 20,809 |
| 17,018 |
|
| 1,832 |
| |||
Less: Capitalized interest |
| 112 |
| 80 |
|
| 70 |
| |||
Total income before provision for income taxes, plus fixed charges, less capitalized interest |
| 17,137 |
| 7,690 |
|
| 2,670 |
| |||
|
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Fixed charges: |
|
|
|
|
|
|
|
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Interest expense (1) |
| 14,151 |
| 10,578 |
|
| 688 |
| |||
Bridge funding fee |
| — |
| 1,313 |
|
| — |
| |||
Capitalized interest |
| 112 |
| 80 |
|
| 70 |
| |||
Estimate of interest included in rental expense (2) |
| 6,546 |
| 5,047 |
|
| 1,074 |
| |||
Total fixed charges |
| $ | 20,809 |
| $ | 17,018 |
|
| $ | 1,832 |
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Ratio of earnings to fixed charges (3) |
| 0.82 | x | 0.45 | x |
| 1.46 | 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 twenty-six weeks ended August 5, 2007 (Successor) were insufficient to cover the fixed charges by $3,672.