EX-12.1 12 d339797dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

Fiesta Restaurant Group, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in thousands)

 

     Year Ended December 31,  
     2007      2008      2009      2010      2011  

Earnings:

              

Income before income taxes

   $ 12,570       $ 2,433       $ 13,409       $ 10,807       $ 14,176   

Add fixed charges:

              

Interest expense, including amortization of deferred financing costs

     22,042         21,898         20,447         19,898         24,041   

Portion of rents representative of interest factor

     5,119         5,656         5,812         5,540         5,643   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total earnings

   $ 39,731       $ 29,987       $ 39,668       $ 36,245       $ 43,860   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Fixed charges:

              

Interest expense, including amortization of deferred financing costs

   $ 22,042       $ 21,898       $ 20,447       $ 19,898       $ 24,041   

Portion of rents representative of interest factor

     5,119         5,656         5,812         5,540         5,643   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
   $ 27,161       $ 27,554       $ 26,259       $ 25,438       $ 29,684   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Ratio of earnings to fixed charges (1)

     1.46 x         1.09 x         1.51x         1.42x         1.48 x   

 

(1) For purposes of determining the ratio of earnings to fixed charges, earnings are defined as earnings from continuing operations before income taxes plus fixed charges. Fixed charges consist of interest expense on all indebtedness, amortization of deferred financing costs and one-third of rental expense on operating leases, representing that portion of rental expense that we deemed to be attributable to interest.