EX-12.1 2 dex121.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement Regarding Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

DAVE & BUSTER’S, INC.

COMPUTATION OF RATIO OF EARNINGS

TO FIXED CHARGES

(dollars in thousands, except ratios)

 

     Fiscal Year
Ended
February 3, 2008
    334-Day Period From
March 8, 2006 To
February 4, 2007
         37-Day Period From
January 30, 2006 To

March 7, 2006
    Fiscal Year
Ended
January 29, 2006
 
     (Successor)     (Successor)          (Predecessor)     (Predecessor)  

Income before provision for income taxes

   $ (10,102 )   $ (20,655 )        $ 908     $ 6,304  

Add: Total fixed charges (per below)

     44,932       39,199            1,832       18,978  

Less: Capitalized interest

     151       252            70       295  
                                     

Total income before provision for income taxes, plus fixed charges, less capitalized interest

     34,679       18,292            2,670       24,987  
 

Fixed charges:

             

Interest expense (1)

     31,681       26,139            688       7,429  

Bridge funding fee

     —         1,313            —         —    

Capitalized interest

     151       252            70       295  

Estimate of interest included in rental expense (2)

     13,100       11,495            1,074       11,254  
                                     

Total fixed charges

   $ 44,932     $ 39,199          $ 1,832     $ 18,978  
 

Ratio of earnings to fixed charges (3)

     0.77 x     0.47 x          1.46 x     1.32 x

 

(1)

Interest expense includes interest in association with debt and amortization of debt issuance costs.

(2)

Fixed charges include our estimate of interest included in rental payments (one-third of rent expense under operating leases).

(3)

Earnings for the fiscal year ended February 3, 2008 and for the 334-day period ended February 4, 2007 were insufficient to cover the fixed charges by $10,253 and $20,907, respectively.

 

E-2