EX-12.1 2 c54439a2exv12w1.htm EX-12.1

exv12w1

Exhibit 12.1

Lakes Entertainment, Inc.
Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands, except percentages)

     The following table sets forth our ratio of earnings to fixed charges for the periods specified. As earnings were inadequate to cover the fixed charges in certain periods, we have provided the deficiency amounts.

		For the				For the				For the				For the				For the				Nine Months
		Year Ended				Year Ended				Year Ended				Year Ended				Year Ended				Ended
		January 2,				January 1,				December 31,				December 30,				December 28,				September 27,
(in thousands)		2005				2006				2006				2007				2008				2009
Earnings:
Earnings (loss) from continuing operations before income taxes and loss from equity investee		$	(901	)		$	(9,889	)		$	18,866			$	(5,315	)		$	(68,917	)		$	6,114
Add: Fixed Charges			75				141				10,628				1,180				1,720				1,465
Earnings as defined		$	(826	)		$	(9,748	)		$	29,494			$	(4,135	)		$	(67,197	)		$	7,579
Fixed Charges:
Interest expense			—				66				9,465				951				1,551				1,321
Amortization of debt discount			—				—				498				33				—				—
Amortization of debt issuance costs			—				—				590				95				5				23
Estimated interest within rental expense			75				75				75				101				164				121
Total Fixed Charges		$	75			$	141			$	10,628			$	1,180			$	1,720			$	1,465
Ratio of Earnings to Fixed Charges			—				—				2.8				—				—				5.2
Coverage deficiency		$	(901	)		$	(9,889	)		$	—			$	(5,315	)		$	(68,917	)		$	—