EX-12.1 6 dex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement of Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

RATIO OF EARNINGS TO FIXED CHARGES

Computation of Ratio of Earnings to Fixed Charges

(in thousands, except for ratios)

 

     Predecessor     Successor  
          Fiscal Year Ended January 31, 2007        
     Fiscal Year
Ended
January 31,
2006
   For the Period
From February 1,
2006 to March 9,
2006
    For the Period
From March 10,
2006 to January 31,
2007
    Fiscal Year
Ended
January 31,
2008
 

Income (loss) before income taxes

   $ 52,630    $ (33,051 )   $ (42,155 )   $ (48,046 )

Interest expense

     3,300      355       45,062       47,535  

Amortization of debt issuance costs

     1,340      1,931       1,632       1,111  

Portion of rentals deemed to be interest

     1,530      161       1,700       2,118  
                               

Income (loss) available for fixed charges

   $ 58,800    $ (30,604 )   $ 6,239     $ 2,718  
                               

Fixed charges:

         

Interest expense

   $ 3,300    $ 355     $ 45,062     $ 47,535  

Amortization of debt issuance costs

     1,340      1,931       1,632       1,111  

Portion of rentals deemed to be interest

     1,530      161       1,700       2,118  
                               

Total fixed charges

   $ 6,170    $ 2,447     $ 48,394     $ 50,764  
                               

Ratio of earnings to fixed charges

     9.5 x      - x       0.1 x       0.1 x  

For purposes of computing the ratio of earnings to fixed charges, earnings consist of income before income taxes plus fixed charges. Fixed charges consist of (i) interest expense, (ii) amortization of debt issuance costs, and (iii) that portion of rental expense we estimate to be representative of interest. Earnings would not have been sufficient to cover fixed charges by $33.1 million, $42.2 million and $48.0 million for the predecessor period from February 1, 2006 through March 9, 2006, the successor period from March 10, 2006 through January 31, 2007, and the successor fiscal year ended January 31, 2008, respectively.