EX-12.1 30 dex121.htm COMPUTATION OF EARNINGS TO FIXED CHARGES Computation of Earnings to Fixed Charges

Exhibit 12.1

Computation of Ratio of Earnings to fixed charges

 

    Historical         
    Pre-Predecessor        Predecessor

(dollars in millions)

   As of and for
the year
ended
December 31,
2002		     As of and for
the year
ended
December 31,
2003		     As of and for
the year
ended
December 31,
2004		   As of and for
the year
ended
December 31,
2005		   For the
period
from
January 1,
2006 to
August 15,
2006		        As of and for
the period
from
August 16,
2006 to
December 31,
2006

COMPUTATION OF EARNINGS

                

Income before taxes

   (19.0 )   (18.9 )   145.5   60.1   110.6       71.9

Net interest expense

   37.0     33.6     27.3   28.5   12.7       6.3

Interest portion of operating lease expenses

   2.6     2.4     0.7   0.9   0.4       0.7
                               

Earnings

   20.6     17.1     173.5   89.5   123.7       78.9
                               

COMPUTATION OF FIXED CHARGES

                

Net interest expense

   37.0     33.6     27.3   28.5   12.7       6.3

Capitalized Interest

   —       —       —     —     —         10.0

Interest portion of operating lease expense

   2.6     2.4     0.7   0.9   0.4       0.7
                               

Fixed Charges

   39.6     36.0     28.0   29.4   13.1       17.0
                               

RATIO OF EARNINGS TO FIXED CHARGES

   0.5     0.5     6.2   3.0   9.4       4.6
                               

Computation of Ratio of Earnings to Fixed Charges

 

     Historical
     Pre-Predecessor          Predecessor          Successor

(dollars in millions)

    For the period
from
January 1,
2006 to
August 15,
2006		          As of and for
the period
from
August 16,
2006 to
September 30,
2006		    For the
period
from
January 1,
2007 to
May 17,
2007		          As of and for
the period
from
May 18,
2007 to
September 30,
2007

COMPUTATION OF EARNINGS

                      

Income before taxes

    110.6         21.1    26.6         10.2

Net interest expense

    12.7         1.8    6.3         41.7

Interest portion of operating lease expenses

    0.4         0.1    0.2         0.2
                             

Earnings

    123.7         23.0    33.1         52.1
                             

COMPUTATION OF FIXED CHARGES

                      

Net interest expense

    12.7         1.8    6.3         41.7

Capitalized Interest

    —           —      —           —  

Interest portion of operating lease expense

    0.4         0.1    0.2         0.2
                             

Fixed Charges

    13.1         1.9    6.5         41.9
                             

RATIO OF EARNINGS TO FIXED CHARGES

    9.4         12.1    5.1         1.2