EX-12.1 2 dex121.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

LANDRY’S RESTAURANTS, INC

RATIO OF EARNINGS TO FIXED CHARGES

 

     Six months ended June 30,  
     2006     2005  

Income before taxes

    $ 24,330,801     $ 36,647,549  

Fixed charges, as adjusted

      41,479,159       28,906,300  
                
   $ 65,809,960     $ 65,553,849  
                

Fixed charges:

     

Interest expense including amortization of debt costs

    $ 30,582,120     $ 18,953,259  

Capitalized interest

      1,631,742       674,909  

Interest factor on rent (1/3 rent expense)

      10,897,039       9,953,041  
                

Total fixed charges

      43,110,901       29,581,209  

Less capitalized interest

      (1,631,742 )     (674,909 )
                

Fixed charges, as adjusted

    $ 41,479,159       28,906,300  
                

Ratio of earnings to fixed charges

      1.5       2.2  
                

 

34