Exhibit 12.1
DAVE & BUSTER’S, INC.
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(dollars in thousands, except ratios)
Fiscal Year Ended February 3, 2008 | 334-Day Period From March 8, 2006 To February 4, 2007 | 37-Day Period From January 30, 2006 To March 7, 2006 | Fiscal Year Ended January 29, 2006 | |||||||||||||||
(Successor) | (Successor) | (Predecessor) | (Predecessor) | |||||||||||||||
Income before provision for income taxes | $ | (10,102 | ) | $ | (20,655 | ) | $ | 908 | $ | 6,304 | ||||||||
Add: Total fixed charges (per below) | 44,932 | 39,199 | 1,832 | 18,978 | ||||||||||||||
Less: Capitalized interest | 151 | 252 | 70 | 295 | ||||||||||||||
Total income before provision for income taxes, plus fixed charges, less capitalized interest | 34,679 | 18,292 | 2,670 | 24,987 | ||||||||||||||
Fixed charges: | ||||||||||||||||||
Interest expense(1) | 31,681 | 26,139 | 688 | 7,429 | ||||||||||||||
Bridge funding fee | — | 1,313 | — | — | ||||||||||||||
Capitalized interest | 151 | 252 | 70 | 295 | ||||||||||||||
Estimate of interest included in rental expense(2) | 13,100 | 11,495 | 1,074 | 11,254 | ||||||||||||||
Total fixed charges | $ | 44,932 | $ | 39,199 | $ | 1,832 | $ | 18,978 | ||||||||||
Ratio of earnings to fixed charges(3) | 0.77 | x | 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 fiscal year ended February 3, 2008 and for the 334-day period ended February 4, 2007 were insufficient to cover the fixed charges by $10,253 and $20,907, respectively. |
E-2