EX-12.1 7 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)

   December 31,
2006
     December 30,
2007
     December 28,
2008
     January 3,
2010
     January 2,
2011
 

Income before provision for income taxes

   $ 160,425       $ 55,559       $ 82,870       $ 135,522       $ 138,945   

Fixed charges

     67,951         143,190         127,441         123,596         109,149   
                                            

Earnings as defined

   $ 228,376       $ 198,749       $ 210,311       $ 259,118       $ 248,094   

Fixed charges (1):

              

Interest expense

   $ 55,011       $ 130,374       $ 114,906       $ 110,945       $ 96,810   

Portion of rental expense representative of interest

     12,940         12,816         12,535         12,651         12,339   
                                            

Total fixed charges

   $ 67,951       $ 143,190       $ 127,441       $ 123,596       $ 109,149   

Ratio of earnings to fixed charges

     3.4x         1.4x         1.7x         2.1x         2.3x   
                                            

 

(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).