EX-12.1 11 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)

 

     Thirteen
Weeks
Ended
May 2,
2010		    Thirteen
Weeks
Ended
May 2,
2010		    Thirteen
Weeks
Ended
May  3,
2009		    Fiscal Year
Ended
January 31,
2010		     Fiscal Year
Ended
January 31,
2010		     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(1)		    Fiscal Year
Ended
January 29,
2006(1)
     (Predecessor)    (Pro forma)    (Predecessor)    (Predecessor)     (Pro forma)     (Predecessor)    (Predecessor)     (Predecessor)           (Predecessor)    (Predecessor)

Income before provision for income taxes

    $ 6,984    $ 4,059    $ 7,502    $ (251 )    $ (11,194 )    $ 1,570    $ (10,102 )    $ (20,655 )         $ 908    $ 6,304

Add: Total fixed charges (per below)

      9,354      12,324      9,432      37,645        48,362        40,888      44,932        39,199             1,832      18,978

Less: Capitalized interest

      110      110      169      640        640        522      151        252             70      295
                                                                              

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

      16,228      16,273      16,765      36,754        36,528        41,936      34,679        18,292             2,670      24,987

Fixed charges:

                               

Interest expense (2)

      5,419      8,389      5,624      22,438        33,155        26,787      31,681        26,139             688      7,429

Bridge funding fee

      —        —        —        —          —          —        —          1,313             —        —  

Capitalized interest

      110      110      169      640        640        522      151        252             70      295

Estimate of interest included in rental expense (3)

      3,825      3,825      3,639      14,567        14,567        13,579      13,100        11,495             1,074      11,254
                                                                              

Total fixed charges

    $ 9,354    $ 12,324    $ 9,432    $ 37,645      $ 48,362      $ 40,888    $ 44,932      $ 39,199           $ 1,832    $ 18,978

Ratio of earnings to fixed charges (4)

      1.73x      1.32x      1.78x      —          —          1.03x      —          —               1.46x      1.32x

 

(1) These periods represent operations of the Predecessor prior to acquisition of the Company by the sellers.
(2) Interest expense includes interest in association with debt and amortization of debt issuance costs.
(3) Fixed charges include our estimate of interest included in rental payments (one-third of rent expense under operating leases).
(4) Earnings for the fiscal year ended January 31, 2010, the pro forma fiscal year ended January 31, 2010, the fiscal year ended February 3, 2008, and 334-day period ended February 4, 2007, were insufficient to cover fixed charges by $891, $11,834 $10,253, and $20,907, respectively.

 

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