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 2, 2008 | Thirty-Nine Weeks Ended November 4, 2007 | |||||||
Income (loss) before provision for income taxes | $ | (173 | ) | $ | (13,539 | ) | ||
Add: Total fixed charges (per below) | 30,059 | 31,891 | ||||||
Less: Capitalized interest | 390 | 151 | ||||||
Total income before provision for income taxes, plus fixed charges, less capitalized interest | 29,496 | 18,201 | ||||||
Fixed charges: | ||||||||
Interest expense(1) | 19,488 | 21,934 | ||||||
Capitalized interest | 390 | 151 | ||||||
Estimate of interest included in rental expense(2) | 10,181 | 9,806 | ||||||
Total fixed charges | $ | 30,059 | $ | 31,891 | ||||
Ratio of earnings to fixed charges(3) | 0.98 | x | 0.57 | 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 2, 2008 and thirty-nine weeks ended November 4, 2007 were insufficient to cover the fixed charges by $563 and $13,690, respectively. |