EX-12.1 3 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)

 

     Fiscal Year
Ended
February 1, 2009		    Fiscal Year
Ended
February 3, 2008		     334-Day Period From
March 8, 2006 To
February 4, 2007		           37-Day Period From
January 30, 2006 To
March 7, 2006
     (Successor)    (Successor)     (Successor)        (Predecessor)

Income before provision for income taxes

    $ 1,570    $ (10,102 )   $ (20,655 )        $ 908

Add: Total fixed charges (per below)

      40,888      44,932       39,199            1,832

Less: Capitalized interest

      522      151       252            70
                                  

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

      41,936      34,679       18,292            2,670

 

Fixed charges:

               

Interest expense (1)

      26,787      31,681       26,139            688

Bridge funding fee

      —        —         1,313            —  

Capitalized interest

      522      151       252            70

Estimate of interest included in rental expense (2)

      13,579      13,100       11,495            1,074
                                  

Total fixed charges

      40,888    $ 44,932     $ 39,199          $ 1,832

 

Ratio of earnings to fixed charges (3)

      1.03x      0.77x       0.47x            1.46x
 
 

(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 fiscal year ended February 3, 2008 and for the 334-day period ended February 4, 2007 were insufficient to cover the fixed charges by $10,253 and $20,907, respectively.

 

  E-9