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EXHIBIT 12-1
CKE RESTAURANTS, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Fiscal year ended January 31,
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(Dollars in thousands) 2000 1999 1998 1997 1996
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Earnings before fixed charges:
Income (loss) before income taxes and
extraordinary item $(47,460) $124,097 $ 76,640 $36,710 $17,953
Fixed charges 92,389 68,843 35,325 19,840 18,521
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$ 44,929 $192,940 $111,965 $56,550 $36,474
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Fixed charges:
Interest expense $ 63,283 $ 43,453 $ 16,914 $ 9,877 $10,004
Interest component of rent expense(1) 29,106 25,390 18,411 9,963 8,517
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$ 92,389 $ 68,843 $ 35,325 $19,840 $18,521
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Ratio of earnings to fixed charges 0.5x 2.8x 3.2x 2.9x 2.0x
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(1) Calculated as one-third of total rent expense.