EX-12.1 6 exhibit_12-1.htm bdo-september.htm


EXHIBIT 12.1

RATIO OF EARNINGS TO FIXED CHARGES

   
Nine months ended September 30, 2010
   
Year ended
December 31, 2009
   
Period from
September 19, 2008
through
December 31, 2008
   
Period from
December 29, 2007
through
September 18, 2008
   
Year Ended
December 28, 2007
 
Earnings (losses):
                             
Losses before income taxes
    30,395       (4,478 )     1,604       (23,605 )     (47,583 )
Amortization of capitalized interest (a)
    80       120       29       478       345  
Interest capitalized
    --       --       --       --       --  
      30,475       (4,358 )     1,633       (23,127 )     (47,238 )
Fixed Charges:
                                       
Amortization of expenses related to indebtedness (b)
    6,501       5,199       1,452       5,642       8,058  
Interest expenses (c)
    7,967       11,099       2,698       8,389       9,730  
Interest capitalized
    --       -       --    
--
      --  
Total Fixed Charges
    14,468       16,298       4,150       14,031       17,788  
                                         
Earnings (losses), as adjusted
    44,943       11,940       5,783       (9,096 )     (29,450 )
Ratio of earnings to fixed charges
    2.11         (1)     0.39         (2)       (3)

(1)
Earnings as adjusted were inadequate to cover fixed charges by $4.4 million in 2009.
(2)
Earnings as adjusted were inadequate to cover fixed charges by $23.1 million in the period from December 29, 2007 through September 18, 2008.
(3)
Earnings as adjusted were inadequate to cover fixed charges by $47.2 million in 2007.
 
(a)  
Includes amortization of deferred financing charges.
(b)
Includes amortization of debentures discount, accretion and deferred issuance expenses.
(c)
Includes, mainly, interest on bank loans and interest expenses in relation to convertible debentures.