EX-12.1 4 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

Domino’s Pizza, Inc.

Computation of Ratio of Earnings to Fixed Charges

 

     Fiscal years ended

(dollars in thousands)


  

December 30,

2001


  

December 29,

2002


  

December 28,

2003


  

January 2,

2005


  

January 1,

2006


Income before provision for income taxes

   $ 60,277    $ 96,173    $ 62,435    $ 100,060    $ 173,251

Fixed charges

     79,127      71,878      86,363      74,642      61,846
    

  

  

  

  

Earnings as defined

   $ 139,404    $ 168,051    $ 148,798    $ 174,702    $ 235,097

Fixed charges (1):

                                  

Interest expense

   $ 68,380    $ 60,321    $ 74,678    $ 61,068    $ 48,755

Portion of rental expense representative of interest

     10,747      11,557      11,685      13,574      13,091
    

  

  

  

  

Total fixed charges

   $ 79,127    $ 71,878    $ 86,363    $ 74,642    $ 61,846

Ratio of earnings to fixed charges

     1.8x      2.3x      1.7x      2.3x      3.8x
    

  

  

  

  


(1) Fixed charges are determined as defined in instructions for Item 503 of Regulation S-K and include interest expense and our estimate of interest included in rental expense (one-third of rent expense under operating leases).