Dave & Busters 10-K2009 FY Annual report

Filed: 16 Apr 09, 12:00am

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Readability	H.S. freshman Good

New words: accumulate, acute, adherence, advanced, advantage, air, ambience, analytical, apparent, arranged, aspect, backfill, battlefield, belief, benchmarking, built, buying, campaign, capable, car, central, challenging, chemical, children, choice, civil, claim, cleaner, conference, confidence, core, creative, criminal, customizable, cycle, deceleration, deepen, deficit, delegation, densely, deployment, desire, DGCL, discontinue, discretion, discrimination, disease, disposal, dispose, disproportionate, dissatisfaction, distributor, divided, driver, duty, dynamic, earthquake, Elance, element, eleven, email, encourage, enjoy, Eve, extinguishment, facilitate, faith, fantasy, faster, fault, fell, fever, fiduciary, Foodservice, foundation, fraud, fraudulent, frequent, front, FSP, fullest, goal, gradual, greatest, guided, half, hierarchy, holdback, honeymoon, Honolulu, hoof, hurricane, image, impose, improper, inclusive, incremental, indemnification, indemnified, indemnify, Indiana, influenza, input, introduction, job, kiosk, lack, leadership, length, lose, Losing, lysteria, macro, manpower, merit, misconduct, modest, monetary, Morning, motion, mouth, negotiate, NEO, noncompliance, nonfinancial, nonqualified, online, opposed, opt, orientation, oversee, overseen, pattern, paydown, payout, peak, penetrate, pipeline, Platinum, playability, populated, portraying, presence, priority, proceeding, prolonged, proposition, question, quoted, rata, rebrand, recession, recessionary, relationship, replenishment, repurchase, request, resonate, respiratory, respond, restore, roof, Sage, salmonella, SERP, settle, short, shortening, simple, situation, smooth, smoothly, sought, spreading, staffing, standing, stay, staying, stimulate, strength, strictly, strongly, subtracting, succeed, suit, suitable, survey, suspension, swipe, syndrome, talent, talented, tap, Thanksgiving, theoretical, thirteen, threatened, ticket, traced, trainer, tranche, troubleshoot, Tuesday, type, unamortized, unconditionally, unemployment, unfamiliar, unfamiliarity, unforeseeable, unfunded, unknown, unlawful, unobservable, unwilling, venture, violation, warehousing, waste, water, Wednesday, weekly, win, women, workplace, wrongful

Removed: accessibility, adapted, analyzing, APB, applying, Buffalo, carefully, carried, classified, clothing, computed, conflict, constructing, costly, curtail, declined, denominated, Derby, derive, devaluation, devoted, discover, display, economically, entering, existence, exterior, flexible, floating, funded, great, highest, highway, hostility, immaterial, implementing, indirectly, insignificant, interior, intrinsic, introducing, Iraq, justifiable, largest, licensed, living, locating, lowest, lunch, memorabilia, metropolitan, Nebraska, obtaining, Omaha, parking, permitting, predict, preferred, producing, production, protection, proximity, quickly, race, readily, realize, recharged, revision, royalty, seeking, source, statute, tourist, understand, visibility, war, weakening

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Exhibit 12.1

DAVE & BUSTER’S, INC.

COMPUTATION OF RATIO OF EARNINGS

TO FIXED CHARGES

(dollars in thousands, except ratios)


	Fiscal Year Ended February 1, 2009		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
	(Successor)		(Successor)			(Successor)			(Predecessor)
Income before provision for income taxes	$	1,570	$	(10,102	)	$	(20,655	)	$	908
Add: Total fixed charges (per below)		40,888		44,932			39,199			1,832
Less: Capitalized interest		522		151			252			70

Total income before provision for income taxes, plus fixed charges, less capitalized interest		41,936		34,679			18,292			2,670
Fixed charges:
Interest expense⁽¹⁾		26,787		31,681			26,139			688
Bridge funding fee		—		—			1,313			—
Capitalized interest		522		151			252			70
Estimate of interest included in rental expense⁽²⁾		13,579		13,100			11,495			1,074

Total fixed charges		40,888	$	44,932		$	39,199		$	1,832
Ratio of earnings to fixed charges⁽³⁾		1.03x		0.77x			0.47x			1.46x

⁽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-9