EX-12.1 2 dex121.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

Exhibit 12.1

LANDRY’S RESTAURANTS, INC.

RATIO OF EARNINGS TO FIXED CHARGES

 

     Year Ended December, 31  
     2010     2009  

Income from continuing operations, before taxes

   $ (7,098,415   $ (17,085,779

Fixed charges, as adjusted

     139,256,531        168,884,795   
                
   $ 132,158,116      $ 151,799,016   
                

Fixed charges:

    

Interest expense including amortization of debt costs

   $ 118,959,917      $ 150,539,755   

Capitalized interest

     518,273        8,237,191   

Interest factor on rent (1/3 rent expense)

     20,296,614        18,345,040   
                

Total fixed charges

     139,774,804        177,121,986   

Less capitalized interest

     (518,273     (8,237,191
                

Fixed charges, as adjusted

   $ 139,256,531      $ 168,884,795   
                

Ratio of earnings to fixed charges

     0.9        0.9