EX-12 2 a06-25370_1ex12.htm EX-12

Exhibit 12

DAVE & BUSTER’S, INC.

COMPUTATION OF RATIO OF EARNINGS

TO FIXED CHARGES

(dollars in thousands, except ratios)

 

 

236 Day Period
from March 8,
2006
to October 29, 2006

 

 

 

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

 

Thirty-nine
 weeks ended 
October 30,
 2005

 

 

 

(Successor)

 

 

 

(Predecessor)

 

(Predecessor)

 

 

 

 

 

 

 

 

 

 

 

Income before provision for income taxes

 

$

(17,906

)

 

 

$

908

 

$

168

 

Add: Total fixed charges (per below)

 

27,589

 

 

 

1,832

 

14,106

 

Less: Capitalized interest

 

253

 

 

 

70

 

340

 

Total income before provision for income taxes, plus fixed charges, less capitalized interest

 

9,430

 

 

 

2,670

 

13,934

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

Interest expense (1)

 

17,942

 

 

 

688

 

5,357

 

Bridge funding fee

 

1,313

 

 

 

 

 

 

 

Capitalized interest

 

253

 

 

 

70

 

340

 

Estimate of interest included in rental expense (2)

 

8,081

 

 

 

1,074

 

8,409

 

Total fixed charges

 

$

27,589

 

 

 

$

1,832

 

$

14,106

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges (3)

 

0.34

x

 

 

1.46

x

0.99

x

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

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

(3)                            Earnings for the 236 day period ended October 29, 2006 (Successor) and thirty-nine week period ended October, 29, 2005 were insufficient to cover the fixed charges by $18,159 and $172, respectively.