EX-12.1 2 dex121.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement Regarding Computation of Ratio of Earnings to Fixed Charges

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 2, 2008
    Thirty-Nine
Weeks Ended
November 4, 2007
 

Income (loss) before provision for income taxes

   $ (173 )   $ (13,539 )

Add: Total fixed charges (per below)

     30,059       31,891  

Less: Capitalized interest

     390       151  
                

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

     29,496       18,201  

Fixed charges:

    

Interest expense(1)

     19,488       21,934  

Capitalized interest

     390       151  

Estimate of interest included in rental expense(2)

     10,181       9,806  
                

Total fixed charges

   $ 30,059     $ 31,891  

Ratio of earnings to fixed charges(3)

     0.98 x     0.57 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 2, 2008 and thirty-nine weeks ended November 4, 2007 were insufficient to cover the fixed charges by $563 and $13,690, respectively.