EX-12.1 3 ex12-1.htm EXHIBIT 12.1 ex12-1.htm
Exhibit 12.1
 
Statement Setting Forth Detail for Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
 
   
Year Ended December 31,
  
   
2008
    
2009
    
2010
    
2011
    
2012
  
Fixed Charges
                              
Interest expense
   $ 21,808     $ 25,416     $ 24,747     $ 24,776     $ 22,932  
                                         
Earnings
                                        
Income (loss) before income taxes
   $ 243     $ (4,484 )   $ 1,301     $ 2,447     $ (151,767 )
Add: Interest expense
     21,808       25,416       24,747       24,776       22,932  
Total earnings
   $ 22,051     $ 20,932     $ 26,048     $ 27,223     $ (128,835 )
                                         
Ratio of earnings to fixed charges
     1.0       0.8       1.1       1.1       (5.6 )