EX-12.1 10 dex121.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

Domino’s Pizza, Inc.

Computation of Ratio of Earnings to Fixed Charges

 

(dollars in thousands)

    Fiscal years ended
  

December 29,

2002

   

December 28,

2003

   

January 2,

2005

   

January 1,

2006

   

December 31,

2006

Income before provision for income taxes

    $ 96,173    $ 62,435    $ 100,060    $ 173,251    $ 160,425

Fixed charges

      71,878      86,363      74,642      61,846      67,951
    
  
  
  
  

Earnings as defined

    $ 168,051    $ 148,798    $ 174,702    $ 235,097    $ 228,376

Fixed charges (1):

                                   

Interest expense

    $ 60,321    $ 74,678    $ 61,068    $ 48,755    $ 55,011

Portion of rental expense representative of interest

      11,557      11,685      13,574      13,091      12,940
    
  
  
  
  

Total fixed charges

    $ 71,878    $ 86,363    $ 74,642    $ 61,846    $ 67,951

Ratio of earnings to fixed charges

      2.3x      1.7x      2.3x      3.8x      3.4x
    
  
  
  
  
(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).