EX-12.1 2 d654441dex121.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     Fiscal Year Ended     Fiscal Year Ended     244 Days Ended     120 Days Ended  
    February 2, 2014     February 3, 2013     January 29, 2012     January 30, 2011     May 31, 2010  
    (Successor)     (Successor)     (Successor)     (Successor)     (Predecessor)  

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

  $ 19,728      $ 10,639      $ 1,634      $ (7,708   $ (2,735

Add: Total fixed charges (per below)

    50,215        50,605        49,264        35,803        12,176   

Less : Capitalized interest

    (602     (510     (759     (62     (110
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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

    69,341        60,734        50,139        28,033        9,331   

Fixed charges:

         

Interest expense (1)

    31,645        33,411        32,883        25,673        7,070   

Capitalized interest

    602        510        759        62        110   

Estimate of interest included in rental expense (2)

    17,968        16,684        15,622        10,066        4,996   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

  $ 50,215      $ 50,605      $ 49,264        35,801        12,176   

Ratio of earnings to fixed charges (3)

    1.38x        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 (assumed to be 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.