EX-12.1 9 d350071dex121.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) |  | December 30, 2012 |  |  | December 29, 2013 |  |  | December 28, 2014 |  |  | January 3, 2016 |  |  | January 1, 2017 |
Income before provision for income taxes |  | $ | 181,187 |  |  | $ | 225,099 |  |  | $ | 258,623 |  |  | $ | 306,215 |  |  | $ | 344,658 |
Fixed charges |  |  | 113,483 |  |  |  | 101,047 |  |  |  | 99,951 |  |  |  | 113,717 |  |  |  | 125,388 |
Earnings as defined |  | $ | 294,670 |  |  | $ | 326,146 |  |  | $ | 358,574 |  |  | $ | 419,932 |  |  | $ | 470,046 |
Fixed charges (1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  | $ | 101,448 |  |  | $ | 88,872 |  |  | $ | 86,881 |  |  | $ | 99,537 |  |  | $ | 110,069 |
Portion of rental expense representative of interest |  |  | 12,035 |  |  |  | 12,175 |  |  |  | 13,070 |  |  |  | 14,180 |  |  |  | 15,319 |
Total fixed charges |  | $ | 113,483 |  |  | $ | 101,047 |  |  | $ | 99,951 |  |  | $ | 113,717 |  |  | $ | 125,388 |
Ratio of earnings to fixed charges |  |  | 2.6 | x |  |  | 3.2 | x |  |  | 3.6 | x |  |  | 3.7 | x |  |  | 3.7 | x

(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).