EX-12.1 12 ex12_1.htm EXHIBIT 12.1 - RATIO OF EARNINGS ex12_1.htm
 
Exhibit 12.1

CKE RESTAURANTS, INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
FOR THE FISCAL YEARS ENDED JANUARY 31
(Dollars in thousands)

   
2009
   
2008
   
2007
   
2006
   
2005
 
Earnings before fixed charges:
                             
Income before income taxes and discontinued operations
  $ 58,489     $ 59,731     $ 88,213     $ 59,747     $ 23,633  
Fixed charges
    60,427       63,809       49,447       52,650       68,765  
    $ 118,916     $ 123,540     $ 137,660     $ 112,397     $ 92,398  
                                         
Fixed charges:
                                       
Interest expense
  $ 28,609     $ 33,033     $ 19,768     $ 22,988     $ 36,775  
Interest component of rent expense
    31,818       30,776       29,679       29,662       31,990  
    $ 60,427     $ 63,809     $ 49,447     $ 52,650     $ 68,765  
                                         
Ratio of earnings to fixed charges
    2.0       1.9       2.8       2.1       1.3  
                                         
Deficiency (if any)
  $     $     $     $     $  
Rent expense
    95,455       92,329       89,038       88,985       95,971  
Interest component (1/3 of rent expense)
    31,818       30,776       29,679       29,662       31,990