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EXHIBIT 12.1
MORTON'S RESTAURANT GROUP, INC.
Ratio of Earning to Fixed Charges
(DOLLARS IN THOUSANDS)
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Nine months Successor Predecessor
Sept 28 7/25/2002- 12/31/2001 Period Period
2003 9/29/2002 -7/24/2002 2002 2002 2001
----------- ----------- ----------- ----------- ----------- -----------
Earnings (loss) before taxes $ 130 $ (1,450) $ (3,674) $ 1,815 $ (3,674) $ 279
Fixed charges (excluding capitalized
interest) - C 10,203 2,206 7,667 5,300 7,667 12,799
----------- ----------- ----------- ----------- ----------- -----------
Earnings $ 10,333 $ 756 $ 3,993 $ 7,115 $ 3,993 $ 13,078
Interest (expensed and capitalized) - A $ 5,999 $ 1,254 $ 4,671 $ 2,973 $ 4,671 $ 7,767
Rental expense - B 4,230 993 3,020 2,424 3,020 5,182
----------- ----------- ----------- ----------- ----------- -----------
Fixed Charges $ 10,229 $ 2,247 $ 7,691 $ 5,397 $ 7,691 $ 12,949
Earnings/Fixed Charges 1.01 0.34 0.52 1.32 0.52 1.01
Interest expensed (including amortization
of debt discount and deferred financing cost) $ 5,973 $ 1,213 $ 4,647 $ 2,876 $ 4,647 $ 7,617
Interest capitalized 26 41 24 97 24 150
----------- ----------- ----------- ----------- ----------- -----------
Interest - A $ 5,999 $ 1,254 $ 4,671 $ 2,973 $ 4,671 $ 7,767
Rental expense $ 12,817 $ 3,010 $ 9,151 $ 7,345 $ 9,151 $ 15,703
Interest factor (1/3) 33% 33% 33% 33% 33% 33%
Rental Expense - B $ 4,230 $ 993 $ 3,020 $ 2,424 $ 3,020 $ 5,182
Fixed Charges $ 10,229 $ 2,247 $ 7,691 $ 5,397 $ 7,691 $ 12,949
Capitalized interest (26) (41) (24) (97) (24) (150)
----------- ----------- ----------- ----------- ----------- -----------
Fixed Charges - C $ 10,203 $ 2,206 $ 7,667 $ 5,300 $ 7,667 $ 12,799
Deficiency $ 1,491 $ 3,698 $ 3,698
Pro Forma
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Nine months Full Year
Sept 28 29-Dec
2000 1999 1998 2003 2002
----------- ----------- ----------- ----------- -----------
Earnings (loss) before taxes $ 14,374 $ 14,309 $ (6,130) $ (2,371) $ 2,815
Fixed charges (excluding capitalized
interest) - C 11,469 8,442 6,589 12,704 16,750
----------- ----------- ----------- ----------- -----------
Earnings $ 25,843 $ 22,751 $ 459 $ 10,333 $ 19,565
Interest (expensed and capitalized) - A $ 7,004 $ 4,450 $ 2,753 $ 8,500 $ 11,427
Rental expense - B 5,042 4,342 4,264 4,230 5,444
----------- ----------- ----------- ----------- -----------
Fixed Charges $ 12,046 $ 8,792 $ 7,017 $ 12,730 $ 16,871
Earnings/Fixed Charges 2.15 2.59 0.07 0.81 1.16
Interest expensed (including amortization
of debt discount and deferred financing cost) $ 6,427 $ 4,100 $ 2,325 $ 8,474 $ 11,306
Interest capitalized 577 350 428 26 121
----------- ----------- ----------- ----------- -----------
Interest - A $ 7,004 $ 4,450 $ 2,753 $ 8,500 $ 11,427
Rental expense $ 15,280 $ 13,159 $ 12,920 $ 12,817 $ 16,496
Interest factor (1/3) 33% 33% 33% 33% 33%
Rental Expense - B $ 5,042 $ 4,342 $ 4,264 $ 4,230 $ 5,444
Fixed Charges $ 12,046 $ 8,792 $ 7,017 $ 12,730 $ 16,871
Capitalized interest (577) (350) (428) (26) (121)
----------- ----------- ----------- ----------- -----------
Fixed Charges - C $ 11,469 $ 8,442 $ 6,589 $ 12,704 $ 16,750
Deficiency $ 6,558 $ 2,397
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