EX-12.1 13 a2171937zex-12_1.htm EXHIBIT 12.1

Exhibit 12.1

Dave & Buster's, Inc.
Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands, except ratios)

 
    
  
  
  
Fiscal year ended

   
   
   
   
 
 
    
  
  
Thirteen
weeks ended

   
   
   
 
 
  37 Day Period
from
January 30,
2006 to
March 7,
2006

   
  54 Day
Period from
March 8,
2006 to
April 30,
2006

 
 
 



 
 
  February 3,
2002(1)

  February 2,
2003(1)

  February 1,
2004(1)

  January 30,
2005(5)

  January 29,
2006

 
 
  May 1, 2005
   
 
 
  (Predecessor)
  (Predecessor)
  (Predecessor)
  (Predecessor)
  (Predecessor)
  (Predecessor)
  (Predecessor)
   
  (Successor)
 
Income before provision for income taxes   $ 11,358   $ 7,680   $ 16,540   $ 19,805   $ 6,304   $ 7,183   $ 908       $ (3,244 )
Add: Total fixed charges (per below)     14,448     15,171     14,722     14,837     18,978     4,818     1,832         6,973  
Less: Capitalized interest     892     361     170     668     295     15     70         39  
   
 
 
 
 
 
 
     
 
Total income before provision for income taxes, plus fixed charges, less capitalized interest     24,914     22,490     31,092     33,974     24,987     11,986     2,670         3,690  
   
 
 
 
 
 
 
     
 
Fixed charges:                                                      
Interest expense(3)     7,862     7,830     7,444     6,153     7,429     1,926     688         3,975  
Bridge funding fee                                     1,313  
Capitalized interest     892     361     170     668     295     15     70         39  
Estimate of interest included in rental expense(4)     5,694     6,980     7,108     8,016     11,254     2,877     1,074         1,646  
   
 
 
 
 
 
 
     
 
Total fixed charges   $ 14,448   $ 15,171   $ 14,772   $ 14,837   $ 18,978   $ 4,818   $ 1,832       $ 6,973  
   
 
 
 
 
 
 
     
 
Ratio of earnings to fixed charges(2)     1.72x     1.48x     2.11x     2.29x     1.32x     2.49x     1.46x          
   
 
 
 
 
 
 
     
 

(1)
As more fully described in "Management's discussion and analysis of financial condition and results of operations," we have restated our previously issued financial statements for these periods due to certain lease accounting issues.

(2)
Earnings for the 54 day period ended April 30, 2006 (Successor) were insufficient to cover the fixed charges by $3,283.

(3)
Interest expense includes interest in association with debt and amortization of debt issuance costs.

(4)
Fixed charges include our estimate of interest included in rental payments (one-third of rent expense under operating leases).

(5)
On November 1, 2004, we completed the acquisition of nine Jillian's locations, pursuant to an asset purchase agreement, for cash and the assumption of certain liabilities. The results of the acquired complexes are included in our consolidated results beginning on the date of acquisition.