EX-12.1 3 dex121.htm STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement Re 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
January 31, 2010		     Fiscal  Year
Ended
February 1, 2009		    Fiscal  Year
Ended
February 3, 2008		  

Income before provision for income taxes

    $ (251 )    $ 1,570    $ (10,102 ) 

Add: Total fixed charges (per below)

      37,645        40,888      44,932   

Less: Capitalized interest

      640        522      151   
                       

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

      36,754        41,936      34,679   

Fixed charges:

        

Interest expense (1)

      22,438        26,787      31,681   

Capitalized interest

      640        522      151   

Estimate of interest included in rental expense (2)

      14,567        13,579      13,100   
                       

Total fixed charges

    $ 37,645      $ 40,888    $ 44,932   

Ratio of earnings to fixed charges (3)

      0.98x        1.03x      0.77x   

 

  (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 January 31, 2010 and February 3, 2008 were insufficient to cover the fixed charges by $891 and $10,253, respectively.