EX-12.(1) 9 g05785exv12wx1y.htm EX-12.(1) COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EX-12.(1) COMPUTATION OF RATIO OF EARNINGS
 

Exhibit 12(1)
RARE HOSPITALITY INTERNATIONAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands except ratios)
                                         
    Fiscal Year Ended  
    12/31/2006     12/25/2005     12/26/2004     12/28/2003     12/29/2002  
 
                                       
Computation of Earnings:
                                       
Earnings (loss) from continuing operations before cumulative effect of change in accounting principle and provision for income taxes
  $ 73,939     $ 77,475     $ 68,549     $ 57,886     $ 44,569  
Add:
                                       
Minority interest in operating results of majority-owned subsidiaries
    109       215       300       300       448  
Interest expense
    4,128       3,619       2,867       2,234       4,361  
Amortization of capitalized interest
    430       384       334       268       215  
Amortization of debt premium/discount and expenses
    129       158       144       143       281  
Portion of rent charges considered to be representative of interest factors
    2,730       2,430       2,134       1,862       1,698  
Deduct:
                                       
Capitalized Interest
    (916 )     (998 )     (1,312 )     (1,067 )     (978 )
 
                             
Earnings as Adjusted
  $ 80,549     $ 83,283     $ 73,016     $ 61,626     $ 50,594  
 
                             
 
                                       
Computation of Fixed Charges:
                                       
Interest expense
  $ 4,128     $ 3,619     $ 2,867     $ 2,234     $ 4,361  
Amortization of debt premium/discount and expenses
    129       158       144       143       281  
Portion of rent charges considered to be representative of interest factors
    2,730       2,430       2,134       1,862       1,698  
 
                                       
 
                             
Fixed Charges
  $ 6,987     $ 6,207     $ 5,145     $ 4,239     $ 6,340  
 
                             
 
                                       
Ratio of Earnings to Fixed Charges
    11.53       13.42       14.19       14.54       7.98