EX-12.1 3 d451929dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

DAVE & BUSTER’S, INC.

COMPUTATION OF RATIO OF EARNINGS

TO FIXED CHARGES

(dollars in thousands, except ratios)

 

     Fiscal Year Ended
February 3, 2013
     Fiscal Year Ended
January 29, 2012
     244 Days Ended
January 30, 2011
    120 Days Ended
May 31, 2010
 

Income (loss) before provision (benefit) for income taxes

   $ 10,639       $ 1,634       $ (7,708   $ (2,735

Add: Total fixed charges (per below)

     50,605         49,264         35,803        12,176   

Less: Capitalized interest

     510         759         62        110   
  

 

 

    

 

 

    

 

 

   

 

 

 

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

     60,734         50,139         28,033        9,331   

Fixed charges:

          

Interest expense (1)

     33,411         32,883         25,675        7,070   

Capitalized interest

     510         759         62        110   

Estimate of interest included in rental expense (2)

     16,684         15,622         10,066        4,996   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total fixed charges

   $ 50,605       $ 49,264       $ 35,803      $ 12,176   

Ratio of earnings to fixed charges (3)

     1.20x         1.02x         0.78x        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 244 days ended January 30, 2011 and 120 days ended May 31, 2010 were insufficient to cover the fixed charges by $7,770 and $2,845, respectively.