EX-12.1 5 exh_121.htm EXHIBIT 12.1 exh_121.htm
Exhibit 12.1
Statement Regarding Computation of Ratio of Earnings to Fixed Charges

Ratio of earnings to fixed charges

                               
   
2012
   
2011
   
2010
   
2009
   
2008
 
Earnings Before Fixed Charges:
                             
Income (loss) before income taxes
  $ 6,625     $ 19,120     $ (38,954 )   $ 738     $ (2,019 )
Add fixed charges
    43,924       36,624       26,408       25,160       33,681  
Income (loss) before fixed charges
    50,549       55,744       (12,546 )     25,898       31,662  
                                         
                                         
Fixed Charges:
                                       
Interest expense, net
    31,666       25,259       21,269       18,613       22,384  
Estimate of interest expense within rental expense
    12,258       11,365       5,140       6,546       11,297  
Total fixed charges
    43,924       36,624       26,409       25,159       33,681  
                                         
                                         
Deficiency of earnings available to cover fixed charges
  $ -     $ -     $ (38,954 )   $ -     $ (2,019 )
                                         
Ratio of earnings to fixed charges
  $ 1.15     $ 1.52     $ -     $ 1.03     $ -