Exhibit 12.1
DAVE & BUSTER’S, INC.
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(dollars in thousands, except ratios)
Fiscal Year Ended January 29, 2012 | 244 Days Ended January 30, 2011 | 120 Days Ended May 31, 2010 | Fiscal Year Ended January 31, 2010 | |||||||||||||
Income before provision for income taxes | $ | 1,634 | $ | (7,708 | ) | $ | (2,735 | ) | $ | (251 | ) | |||||
Add: Total fixed charges (per below) | 49,265 | 35,801 | 12,177 | 37,645 | ||||||||||||
Less: Capitalized interest | 759 | 62 | 110 | 640 | ||||||||||||
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Total income before provision for income taxes, plus fixed charges, less capitalized interest | 50,140 | 28,031 | 9,332 | 36,754 | ||||||||||||
Fixed charges: | ||||||||||||||||
Interest expense(1) | 32,884 | 25,673 | 7,071 | 22,438 | ||||||||||||
Capitalized interest | 759 | 62 | 110 | 640 | ||||||||||||
Estimate of interest included in rental expense(2) | 15,622 | 10,066 | 4,996 | 14,567 | ||||||||||||
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Total fixed charges | $ | 49,265 | $ | 35,801 | $ | 12,177 | $ | 37,645 | ||||||||
Ratio of earnings to fixed charges(3) | 1.02x | 0.78x | 0.77x | 0.98x |
(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 244 days ended January 30, 2011, 120 days ended May 31, 2010 and January 31, 2010 were insufficient to cover the fixed charges by $7,770, $2,845 and $891, respectively. |