Exhibit 12.1
DAVE & BUSTER’S, INC.
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(dollars in thousands, except ratios)
Thirty-Nine Weeks Ended November 4, 2007 | 236-Day Period March 8, 2006 to October 29, 2006 | 37-Day Period January 30, 2006 to March 7, 2006 | ||||||||||||
| (Successor) | (Successor) | (Predecessor) | ||||||||||||
Income (loss) before provision for income taxes | $ | (13,539 | ) | $ | (17,906 | ) | $ | 908 | ||||||
Add: Total fixed charges (per below) | 31,891 | 27,589 | 1,832 | |||||||||||
Less: Capitalized interest | 151 | 253 | 70 | |||||||||||
Total income before provision for income taxes, plus fixed charges, less capitalized interest | 18,201 | 9,430 | 2,670 | |||||||||||
Fixed charges: | ||||||||||||||
Interest expense(1) | 21,934 | 17,942 | 688 | |||||||||||
Bridge funding fee | — | 1,313 | — | |||||||||||
Capitalized interest | 151 | 253 | 70 | |||||||||||
Estimate of interest included in rental expense(2) | 9,806 | 8,081 | 1,074 | |||||||||||
Total fixed charges | $ | 31,891 | $ | 27,589 | $ | 1,832 | ||||||||
Ratio of earnings to fixed charges(3) | 0.57 | x | 0.34 | 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 thirty-nine weeks ended November 4, 2007 (Successor) were insufficient to cover the fixed charges by $13,690. |
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