Attached files
EXHIBIT 12.1
Dominos Pizza, Inc.
Computation of Ratio of Earnings to Fixed Charges
Fiscal years ended | ||||||||||||||||||||
(dollars in thousands) |
December 31, 2006 |
December 30, 2007 |
December 28, 2008 |
January 3, 2010 |
January 2, 2011 |
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Income before provision for income taxes |
$ | 160,425 | $ | 55,559 | $ | 82,870 | $ | 135,522 | $ | 138,945 | ||||||||||
Fixed charges |
67,951 | 143,190 | 127,441 | 123,596 | 109,149 | |||||||||||||||
Earnings as defined |
$ | 228,376 | $ | 198,749 | $ | 210,311 | $ | 259,118 | $ | 248,094 | ||||||||||
Fixed charges (1): |
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Interest expense |
$ | 55,011 | $ | 130,374 | $ | 114,906 | $ | 110,945 | $ | 96,810 | ||||||||||
Portion of rental expense representative of interest |
12,940 | 12,816 | 12,535 | 12,651 | 12,339 | |||||||||||||||
Total fixed charges |
$ | 67,951 | $ | 143,190 | $ | 127,441 | $ | 123,596 | $ | 109,149 | ||||||||||
Ratio of earnings to fixed charges |
3.4x | 1.4x | 1.7x | 2.1x | 2.3x | |||||||||||||||
(1) | Fixed charges are determined as defined in instructions for Item 503 of Regulation S-K and include interest expense and our estimate of interest included in rental expense (one-third of rent expense under operating leases). |