EX-12.1 5 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

 

     Fiscal years ended

(dollars in thousands)


   January 2,
2005

   January 1,
2006

   December 31,
2006

   December 30,
2007

   December 28,
2008

Income before provision for income taxes

   $ 100,060    $ 173,251    $ 160,425    $ 55,559    $ 82,870

Fixed charges

     74,642      61,846      67,951      143,190      127,441
    

  

  

  

  

Earnings as defined

   $ 174,702    $ 235,097    $ 228,376    $ 198,749    $ 210,311

Fixed charges (1):

                                  

Interest expense

   $ 61,068    $ 48,755    $ 55,011    $ 130,374    $ 114,906

Portion of rental expense representative of interest

     13,574      13,091      12,940      12,816      12,535
    

  

  

  

  

Total fixed charges

   $ 74,642    $ 61,846    $ 67,951    $ 143,190    $ 127,441

Ratio of earnings to fixed charges

     2.3x      3.8x      3.4x      1.4x      1.7x
    

  

  

  

  


(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).