EX-12.1 59 d533868dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Ratio of earnings to fixed charges

 

     Successor     Predecessor     Successor     Predecessor  
     Three
Months
Ended
March 31,		     For the  period
from
December 29,
2012 to
December 31,
2012 		    For the period
from January 1,
2012 to
December 28,
2012 		    Year Ended December 31,  
     2013     2012         2011     2010     2009     2008  

Earnings:

                     
   

Income (loss) before income taxes

    $ (42,191 )    $ 20,117      $ (103,999 )    $ 112,166      $ 94,240      $ 56,348      $ 26,635      $ 4,229   
   

Fixed charges

      22,159        293        734        1,676        1,091        5,355        6,378        12,579   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
   

Earnings (loss) available for fixed charges

      (20,032 )      20,410        (103,265 )      113,842        95,331        61,703        33,013        16,808   
   

Fixed charges:

                     
   

Interest expense

      22,018        187        730        1,165        744        5,083        6,139        12,355   
   

Estimated interest in rent expense

      141        106        4        511        347        272        239        224   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
   

Total fixed charges

    $ 22,159      $ 293      $ 734      $ 1,676      $ 1,091      $ 5,355      $ 6,378      $ 12,579   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
   

Ratio of earnings to fixed charges

      —   (1)       69.7 x      —   (2)       67.9 x      87.4 x      11.5 x      5.2 x      1.3 x 
   

Excess/(Deficiency)

      (42,191 )      20,117        (103,999 )      112,166        94,240        56,348        26,635        4,229   

 

(1) For the three-month period ended March 31, 2013, earnings were insufficient to cover our fixed charges by $42.2 million primarily due to non-cash expenses, including amortization expense from acquired intangible assets and adjustments to revenue as a result of the application of purchase accounting for the Transaction.
(2) For the period from December 29, 2012 through December 31, 2012, earnings were insufficient to cover our fixed charges by $104.0 million due primarily to transaction-related costs, additional amortization expense from acquired intangible assets and stock-based compensation.