EX-12.1 2 dex121.htm COMPUTATION OF RATIO OF EARNINGS Computation of Ratio of Earnings

Exhibit 12.1

DAVE & BUSTER’S, INC.

COMPUTATION OF RATIO OF EARNINGS

TO FIXED CHARGES

(dollars in thousands, except ratios)

 

    

Thirty-Nine

Weeks Ended

November 4, 2007

    

236-Day Period
From

March 8, 2006 to

October 29, 2006

         

37-Day Period
From

January 30, 2006 to

March 7, 2006

  
     (Successor)     (Successor)          (Predecessor)  

Income (loss) before provision for income taxes

    $ (13,539 )   $ (17,906 )      $ 908  

Add: Total fixed charges (per below)

      31,891       27,589          1,832  

Less: Capitalized interest

      151       253          70  
                             

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

      18,201       9,430          2,670  

Fixed charges:

          

Interest expense (1)

      21,934       17,942          688  

Bridge funding fee

      —         1,313          —    

Capitalized interest

      151       253          70  

Estimate of interest included in rental expense (2)

      9,806       8,081          1,074  
                             

Total fixed charges

    $ 31,891     $ 27,589        $ 1,832  

Ratio of earnings to fixed charges (3)

     0.57 x     0.34 x        1.46 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 thirty-nine weeks ended November 4, 2007 (Successor) were insufficient to cover the fixed charges by $13,690.

 

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