EX-12.1 13 ratios.htm EXHIBIT 12.1 - RATIO OF EARNINGS TO FIXED CHARGES ratios.htm
Exhibit 12.1
 
CKE RESTAURANTS, INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
FOR THE FISCAL YEARS ENDED JANUARY 31
(Dollars in thousands)
 
   
2010
    
2009
    
2008
    
2007
    
2006
  
Earnings before fixed charges:
                              
Income before income taxes and discontinued operations
   $ 63,176     $ 58,489     $ 59,731     $ 88,213     $ 59,747  
Fixed charges
     49,647       58,683       62,232       49,447       52,650  
    $ 112,823     $ 117,172     $ 121,963     $ 137,660     $ 112,397  
                                         
Fixed charges:
                                        
Interest expense
   $ 19,254     $ 28,609     $ 33,033     $ 19,768     $ 22,988  
Interest component of rent expense
     30,393       30,074       29,199       29,679       29,662  
    $ 49,647     $ 58,683     $ 62,232     $ 49,447     $ 52,650  
                                         
Ratio of earnings to fixed charges
     2.3       2.0       2.0       2.8       2.1  
                                         
Deficiency (if any)
   $ —     $ —     $ —     $ —     $ —  
Rent expense
     91,178       90,221       87,597       89,038       88,985  
Interest component (1/3 of rent expense)
     30,393       30,074       29,199       29,679       29,662