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  
     Period
From February 1,
2006 to
March 9, 2006
    Period
From March 10,
2006 to
January 31, 2007
    Fiscal Year
Ended
January 31, 2008
    Fiscal Year
Ended
January 31, 2009
 

Loss before income taxes

   $ (33,051 )   $ (42,155 )   $ (48,046 )   $ (350,930 )

Interest expense (1)

     355       45,062       47,535       32,515  

Amortization and write-off of debt issuance costs (2)

     1,931       1,632       1,111       2,070  

Goodwill impairment

     —         —         —         326,677  

Portion of rentals deemed to be interest (3)

     161       1,700       2,118       2,209  
                                

(Loss) income available for fixed charges

   $ (30,604 )   $ 6,239     $ 2,718     $ 12,541  
                                

Fixed charges:

        

Interest expense (1)

   $ 355     $ 45,062     $ 47,535     $ 32,515  

Amortization and write-off of debt issuance costs (2)

     1,931       1,632       1,111       2,070  

Portion of rentals deemed to be interest (3)

     161       1,700       2,118       2,209  
                                

Total fixed charges

   $ 2,447     $ 48,394     $ 50,764     $ 36,794  
                                

Ratio of earnings to fixed charges

     - x       0.1 x       0.1 x       0.3 x  

For purposes of computing the ratio of earnings to fixed charges, earnings consist of loss before income taxes and excluding goodwill impairment plus fixed charges. Fixed charges consist of (i) interest expense including gain on early extinguishment of debt, (ii) amortization and write-off 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, $48.0 million and $24.3 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 years ended January 31, 2008 and 2009, respectively.