EX-12.1 16 d465897dex121.htm EX-12.1 EX-12.1

EXHIBIT 12.1

RATIO OF EARNINGS TO FIXED CHARGES

 

    Year Ended
December 31,

2012
    Year Ended
December 31,

2011
    Seven
Months  Ended
December 31,

2010
    Year Ended May 31,  

(In thousands)

        2010     2009     2008  

Income (loss) before income taxes

    ($17,460     $117,479        ($2,959     $103,536        $44,398        $40,154   

Plus fixed charges:

           

Interest expense

    11,121        13,546        7,796        1,481        1,692        296   

Debt cost amortization

    5,066        5,264        1,891        512        470        0   

Write off of unamortized deferred debt issuance costs

    0        1,940        0        0        0        0   

Portion of rents representative of an appropriate interest factor

    6,158        6,734        3,664        3,439        3,295        2,990   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges (1)

    $22,345        $27,484        $13,351        $5,432        $5,457        $3,286   

Adjusted earnings (2)

    $4,885        $144,963        $10,392        $108,968        $49,855        $43,440   

Ratio (2 divided by 1)

    0.2        5.3        0.8        20.1        9.1        13.2   

Fixed charges deficiency

    $17,460        $0        $2,959        $0        $0        $0   

Rent Expense

    $18,493        $20,223        $11,003        $10,328        $9,895        $8,980   

Interest Factor at 33.3%

    33.3     33.3     33.3     33.3     33.3     33.3
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Portion of rents representative of an appropriate interest factor

    $6,158        $6,734        $3,664        $3,439        $3,295        $2,990