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,		  
     2008     2007  

Income from continuing operations, before taxes

    $ 23,454,399     $ 48,530,366  

Fixed charges, as adjusted

      50,445,778       36,647,504  
                
   $ 73,900,177     $ 85,177,870  
                

Fixed charges:

     

Interest expense including amortization of debt costs

    $ 40,887,876     $ 27,662,915  

Capitalized interest

      689,230       1,449,225  

Interest factor on rent ( 1/3 rent expense)

      9,557,902       8,984,589  
                

Total fixed charges

      51,135,008       38,096,729  

Less capitalized interest

      (689,230 )     (1,449,225 )
                

Fixed charges, as adjusted

    $ 50,445,778     $ 36,647,504  
                

Ratio of earnings to fixed charges

      1.4       2.2