EX-12.1 4 d661353dex121.htm EX-12.1

EXHIBIT 12.1

Domino’s Pizza, Inc.

Computation of Ratio of Earnings to Fixed Charges

|  | Fiscal years ended |
(dollars in thousands) |  | January 3, 2010 |  |  | January 2, 2011 |  |  | January 1, 2012 |  |  | December 30, 2012 |  |  | December 29, 2013 |
Income before provision for income taxes |  | $ | 135,522 |  |  | $ | 138,945 |  |  | $ | 167,806 |  |  | $ | 181,187 |  |  | $ | 225,099 |
Fixed charges |  |  | 123,596 |  |  |  | 109,149 |  |  |  | 103,577 |  |  |  | 113,483 |  |  |  | 101,047 |
Earnings as defined |  | $ | 259,118 |  |  | $ | 248,094 |  |  | $ | 271,383 |  |  | $ | 294,670 |  |  | $ | 326,146 |
Fixed charges (1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  | $ | 110,945 |  |  | $ | 96,810 |  |  | $ | 91,635 |  |  | $ | 101,448 |  |  | $ | 88,872 |
Portion of rental expense representative of interest |  |  | 12,651 |  |  |  | 12,339 |  |  |  | 11,942 |  |  |  | 12,035 |  |  |  | 12,175 |
Total fixed charges |  | $ | 123,596 |  |  | $ | 109,149 |  |  | $ | 103,577 |  |  | $ | 113,483 |  |  | $ | 101,047 |
Ratio of earnings to fixed charges |  |  | 2.1x |  |  |  | 2.3x |  |  |  | 2.6x |  |  |  | 2.6x |  |  |  | 3.2x |

(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).