EX-12.1 71 d362823dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

 

    Predecessor     Successor     Predecessor     Successor  
                                        Unaudited     Unaudited  
    Year Ended December 31,    

January 1
through

November 1,

    

November 2

through

December 31,

     Three Months Ended
March 31,		  
    2007     2008     2009     2010     2011     2011     2011     2012  
                            (In thousands)              

Consolidated pretax income (loss) from continuing operations

  $ 35,377     $ 20,500     $ 31,304     $ 65,746     $ (11,381 )    $ (27,013 )    $ 12,449     $ (27,204 ) 

Interest

    71,587       61,764       58,298       48,119       31,541       37,600       9,173       43,195  

Net amortization of debt discount and premium and issuance expense

    2,738       9,953       11,948       12,911       11,673       1,642       3,455       2,545  

Interest portion of rental expense

    2,816        3,192        2,692        2,869        2,689        577        780        871   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
   

Earnings

    112,518        95,409        104,242        129,645        34,522        12,806        25,857        19,407   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Interest

    71,587       61,764       58,298       48,119       31,541       37,600       9,173       43,195  

Net amortization of debt discount and premium and issuance expense

    2,738       9,953       11,948       12,911       11,673       1,642       3,455       2,545  

Interest portion of rental expense

    2,816        3,192        2,692        2,869        2,689        577        780        871   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed Charges

  $ 77,141      $ 74,909      $ 72,938      $ 63,899      $ 45,903      $ 39,819      $ 13,408      $ 46,611   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of Earnings to Fixed(1)

                    

Charges

    1.46 x     1.27 x     1.43 x     2.03 x     —          —          1.93 x     —     
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) The earnings were inadequate to cover fixed charges for the periods from January 1, 2011 to November 1, 2011 and November 2, 2011 to December 31, 2011 and for the three months ended March 31, 2012 by $11,381, $27,013, and $27,204, respectively.