EX-12.1 3 l09521cexv12w1.txt EXHIBIT 12.1 STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND CONVERTIBLE PREFERRED STOCK DIVIDENDS . . . EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Predecessor Predecessor Predecessor Predecessor Predecessor In thousands Company Company Company Company Company 2004 2003 2002 2001 2000 Consolidated pretax (loss) income from continuing operations ........................................... $(107,083) $(62,144) $(13,036) $(31,580) $20,873 Interest expense ........................................ 54,588 53,843 43,595 40,084 34,027 interest portion of rental expense ...................... 591 738 595 633 765 --------- -------- -------- -------- ------ Earnings ........................................ (51,904) (7,563) 31,154 9,137 55,665 Interest expense ........................................ 54,588 53,843 43,595 40,084 34,027 interest portion of rental expense ...................... 591 738 595 633 765 --------- -------- -------- -------- ------ Fixed Charges ................................... 55,179 54,581 44,190 40,717 34,792 RATIO OF EARNINGS TO FIXED CHARGES ...................... (1) (2) (3) (4) 1.60
(1) For the year ended December 31, 2001, earnings were inadequate to cover fixed charges. We would need an additional $107.083 million of earnings in order to cover our fixed charges. (2) For the year ended December 31, 2003, earnings were inadequate to cover fixed charges. We would need an additional $62.144 million of earnings in order to cover our fixed charges. (3) For the year ended December 31, 2002, earnings were inadequate to cover fixed charges. We would need an additional $13.036 million of earnings in order to cover our fixed charges. (4) For the year ended December 31, 2001, earnings were inadequate to cover fixed charges. We would need an additional $31.580 million of earnings in order to cover our fixed charges.