| Exhibit 12.1 | ||||||||||||||||||||||||
| Landry’s Restaurants, Inc. Ratio of Earnings to Fixed Charges, Continuing Operations (Dollars in thousands) |
| |||||||||||||||||||||||
| Three Months Ended March 31, |
Year Ended December 31, | |||||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
| Income (loss) from continuing operations, before taxes |
$ |
19,252 |
|
$ | (17,086 | ) | $ | 20,969 | $ | 41,547 | $ | 47,487 | $ | 43,177 | ||||||||||
| Fixed charges, as adjusted |
33,973 | 168,885 | 98,676 | 92,553 | 66,370 | 49,418 | ||||||||||||||||||
| $ | 53,225 | $ | 151,799 | $ | 119,645 | $ | 134,100 | $ | 113,857 | $ | 92,595 | |||||||||||||
| Fixed charges: |
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| Interest expense including amortization of debt costs |
$ | 29,379 | $ | 150,540 | $ | 80,538 | $ | 74,957 | $ | 49,806 | $ | 33,888 | ||||||||||||
| Capitalized interest |
81 | 8,237 | 3,085 | 3,621 | 3,873 | 675 | ||||||||||||||||||
| Interest factor on rent (1/3 rent expense) |
4,594 | 18,345 | 18,138 | 17,596 | 16,564 | 15,530 | ||||||||||||||||||
| Total fixed charges |
34,054 | 177,122 | 101,761 | 96,174 | 70,243 | 50,093 | ||||||||||||||||||
| Less capitalized interest |
(81 | ) | (8,237 | ) | (3,085 | ) | (3,621 | ) | (3,873 | ) | (675 | ) | ||||||||||||
| Fixed charges, as adjusted |
$ | 33,973 | $ | 168,885 | $ | 98,676 | $ | 92,553 | $ | 66,370 | $ | 49,418 | ||||||||||||
| Ratio of earnings to fixed charges |
1.6 | 0.9 | 1.2 | 1.4 | 1.6 | 1.8 | ||||||||||||||||||