EX-12.1 14 d466015dex121.htm EX-12.1 EX-12.1

EXHIBIT 12.1

Domino’s Pizza, Inc.

Computation of Ratio of Earnings to Fixed Charges

 

     Fiscal years ended  

(dollars in thousands)

   December 28,
2008
    January 3,
2010
    January 2,
2011
    January 1,
2012
    December 30,
2012
 

Income before provision for income taxes

   $ 82,870      $ 135,522      $ 138,945      $ 167,806      $ 181,187   

Fixed charges

     127,441        123,596        109,149        103,577        113,483   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings as defined

   $ 210,311      $ 259,118      $ 248,094      $ 271,383      $ 294,670   

Fixed charges (1):

          

Interest expense

   $ 114,906      $ 110,945      $ 96,810      $ 91,635      $ 101,448   

Portion of rental expense representative of interest

     12,535        12,651        12,339        11,942        12,035   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

   $ 127,441      $ 123,596      $ 109,149      $ 103,577      $ 113,483   

Ratio of earnings to fixed charges

     1.7     2.1     2.3     2.6     2.6
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(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).