EX-12.1 2 a09-11326_1ex12d1.htm EX-12.1

Exhibit 12.1

 

Statement of Computation of Ratio of Earnings to Fixed Charges

 

 

 

Three Months
Ended
March 31, 2009

 

 

 

 

 

Pre-tax loss from continuing operations

 

$

(17,827

)

 

 

 

 

Income from equity investees

 

75

 

Fixed charges

 

23,408

 

Total earnings

 

$

5,506

 

 

 

 

 

Interest expense (1)

 

$

3,282

 

Estimated interest within rent expense (2)

 

20,126

 

Total fixed charges

 

$

23,408

 

 

 

 

 

Ratio of earnings to fixed charges

 

—

 

 

 

 

 

Deficiency of earnings available to cover fixed charges

 

$

(17,902

)

 

(1)

 

Includes interest expense and amortization of premiums and discounts related to indebtedness.

 

 

 

(2)

 

Estimated interest within rent expense includes one-third of rental expense, which approximates the interest component of operating leases.