Exhibit 12.1

DineEquity, Inc.

RATIO OF EARNINGS TO FIXED CHARGES

	Year Ended December 31,
	2010			2009			2008			2007			2006
	(in thousands)
Earnings:
Income (loss) from continuing operations before income taxes	$	(12,080	)	$	36,584		$	(188,157	)	$	(2,705	)	$	72,850
Plus: Fixed charges		239,251			265,746			278,465			75,331			53,037
Plus: Amortization of capitalized interest (a)		—			—			—			—			—
Less: Interest capitalized (a)		—			—			—			—			—
Less: Preference security dividends		(16,031	)		(25,417	)		(17,940	)		(960	)		—
Total earnings	$	211,140		$	276,913		$	72,368		$	71,666		$	125,887
Fixed charges:
Total interest expense, including amortization of debt discount and issuance costs (d)	$	190,584		$	207,296		$	224,334		$	50,016		$	29,845
Interest capitalized (a)		—			—			—			—			—
Estimated interest within rent expense (b)		32,636			33,033			36,191			24,355			23,192
Preference security dividends		16,031			25,417			17,940			960			—
Total fixed charges	$	239,251		$	265,746		$	278,465		$	75,331		$	53,037
Ratio of earnings to fixed charges (c)		0.88			1.04			0.26			0.95			2.37

(a) De minimis for all periods presented

(b) The Company determined that 1/3 of rent expense represents a reasonable approximation of the interest component

(c) For the years ended December 31, 2010, 2008 and 2007, earnings were insufficient to cover fixed charges by $28,111,000, $206,097,000 and $3,665,000, respectively.

(d) Excludes interest expense on uncertain tax positions which Registrant has elected to treat as a component of income tax expense.