EX-12.1 4 d256751dex121.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 30,
2007		      December 28,
2008		      January 3,
2010		      January 2,
2011		      January 1,
2012		  

Income before provision for income taxes

    $ 55,559       $ 82,870       $ 135,522       $ 138,945       $ 167,806   

Fixed charges

      143,190         127,441         123,596         109,149         103,577   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Earnings as defined

    $ 198,749       $ 210,311       $ 259,118       $ 248,094       $ 271,383   

Fixed charges (1):

               

Interest expense

    $ 130,374       $ 114,906       $ 110,945       $ 96,810       $ 91,635   

Portion of rental expense representative of interest

      12,816         12,535         12,651         12,339         11,942   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total fixed charges

    $ 143,190       $ 127,441       $ 123,596       $ 109,149       $ 103,577   

Ratio of earnings to fixed charges

      1.4x         1.7x         2.1x         2.3x         2.6x   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

(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).