EX-12.1 2 d407936dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

RATIO OF EARNINGS TO FIXED CHARGES

The following table contains our ratio of earnings to fixed charges for the periods indicated. You should read these ratios in connection with our consolidated financial statements, including the notes to those statements, incorporated by reference herein.

 

     Nine months
ended
September 30,

2012
    Year ended December 31,  
       2011     2010     2009     2008      2007  

Earnings:

             

Income (loss) before income taxes

     (8     (11,698     (8,644     (8,833     2,728         (9,046

Add: Fixed charges

     3,083        4,508        5,406        4,183        5,747         8,527   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Earnings

     3,075        (7,190     (3,238     (4,650     8,475         (519

Fixed charges:

             

Interest expense

     2,590        3,388        4,926        3,963        5,747         8,527   

Amortization of capitalized expenses related to indebtedness

     493        1,120        480        220        —           —     
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Fixed charges

     3,083        4,508        5,406        4,183        5,747         8,527   

Ratio of earnings to fixed charges(1)(2)

     1.0        (1.6     (0.6     (1.1     1.5         (0.1
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Deficiency

     —          11,698        8,644        8,833        —           9,046   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

 

 

(1) For purposes of determining the ratios of earnings to fixed charges, earnings are defined as net income before income taxes plus fixed charges. Fixed charges consist of interest expenses and amortization of capitalized expenses related to indebtedness.
(2) Deficiencies for the years ended December 31, 2011, 2010, 2009 and 2007 were $11.7 million, $8.6 million, $8.8 million and $9.0 million, respectively.