EX-12.1 6 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

 

    Pre-Predecessor        Predecessor         Successor

(dollars in millions)

   For the year
ended
December 31,
2003		     For the year
ended
December 31,
2004		   For the year
ended
December 31,
2005		   For the
period
from
January 1,
2006 to
August 15,
2006		        For the
period from
August 16,
2006 to
December 31,
2006		    For the
period
from
January 1,
2007 to
May 17,
2007		         For the
period from
May 18,
2007 to
December 31,
2007
  $       $     $     $         $      $          $  

COMPUTATION OF EARNINGS

                        

Income (loss) before taxes

     (18.9 )     145.5     60.1     110.6         65.6      27.9          13.3

Net interest expense

     33.6       27.3     28.5     12.7         6.3      6.3          67.2

Interest portion of operating lease expenses

     2.4       0.7     0.9     0.4         0.7      0.2          0.9
                                                     

Earnings

     17.1       173.5     89.5     123.7         72.6      34.4          81.4
                                                     

COMPUTATION OF FIXED CHARGES

                        

Net interest expense

     33.6       27.3     28.5     12.7         6.3      6.3          67.2

Capitalized interest

     —         —       —       —           —        —            —  

Interest portion of operating lease expense

     2.4       0.7     0.9     0.4         0.7      0.2          0.9
                                                     

Fixed charges

     36.0       28.0     29.4     13.1         7.0      6.5          68.1
                                                     

RATIO OF EARNINGS TO FIXED CHARGES

     0.5       6.2     3.0     9.4         10.4      5.3          1.2