EX-12.01 81 dex1201.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of ratio of earnings to fixed charges

Exhibit 12.01

Sbarro, Inc.

Computation of Ratio of Earnings to Fixed Charges

(dollars in thousands)

 

     2006    2005    2004     2003     2002

Fixed charges:

            

Interest expense

   $ 30,783    $ 30,680    $ 30,694     $ 31,039     $ 30,959

Rental expense

     21,946      23,109      23,486       23,068       23,424
                                    

Total fixed charges (1)

   $ 52,729    $ 53,789    $ 54,180     $ 54,107     $ 54,383
                                    

Earnings available for fixed charges:

            

Earnings (2)

   $ 11,075    $ 3,280    $ (4,644 )   $ (16,811 )   $ 4,447

Add fixed charges

     52,729      53,789      54,180       54,107       54,383
                                    

Total earnings available for fixed charges

   $ 63,804    $ 57,069    $ 49,536     $ 37,296     $ 58,830
                                    

Ratio of earnings to fixed charges (3)

     1.2      1.1      0.9       0.7       1.1
                                    

(1) Total fixed charges consist of interest and one-third of rent expense (deemed to be a reasonable approximation of the interest factor for rent).
(2) Earnings represent income before income taxes and equity in net income (loss) of unconsolidated affiliates.
(3) The ratio of earnings to fixed charges has been computed based on dividing total earnings available for fixed charges by total fixed charges.