EX-12.1 2 y04064exv12w1.txt STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES . . . EXHIBIT 12.1 RATIO OF EARNINGS TO FIXED CHARGES
PREDECESSOR REORGANIZED ---------------------------------------------- ----------- FOR THE YEARS ENDED SEPTEMBER 30, -------------------------------------------------------------- 2000 2001 2002 2003 2004 ------- -------- -------- -------- ----------- Earnings to fixed charges calculation(1) Income (loss) from continuing operations before income taxes......................... $10,021 $(17,133) $(11,870) $(31,411) $ 7,495 Fixed charges................... 44,898 44,380 44,515 48,407 34,392 ------- -------- -------- -------- ------- $54,919 $ 27,247 $ 32,645 $ 16,996 $41,887 ======= ======== ======== ======== ======= Fixed charges: Interest expense................ $43,949 $ 43,454 $ 43,466 $ 47,445 $33,392 Interest portion of rent expense....................... 949 926 1,049 962 1,000 ------- -------- -------- -------- ------- $44,898 $ 44,380 $ 44,515 $ 48,407 $34,392 ======= ======== ======== ======== ======= Ratio of earning to fixed charges....................... 1.22 N/A(2) N/A(2) N/A(2) 1.22
--------------- (1) For purposes of the computation, the ratio of earnings to fixed charges has been calculated by dividing (a) income from continuing operations before income taxes plus fixed charges by (b) fixed charges. Fixed charges are equal to interest expense plus the portion of the rent expense estimated to represent interest (2) Earnings were insufficient to cover fixed charges for the years ended September 30, 2001, 2002 and 2003 by $17.1 million, $11.9 million, and $31.4 million, respectively.