EX-12.1 2 d28471_exh12-1.htm EX-12.1 Exhibit 12.1

Exhibit 12.1

Ratio of Earnings to Fixed Charges


 

 

Fiscal Year Ended

 

Quarter Ended

(in thousands)

 

December 31,

2006

 

December 31,

2007

 

December 31,

2008

 

December 31,
2009

 

December 31,
2010

 

March 31,

2010

 

March 31,

2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax loss

$

(49,941)

$

(36,347)

$

(64,142)

$

(46,548)

$

(43,639)

$

(8,361)

$

(3,657)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

8,551

 

17,307

 

88,273

 

97,277

 

91,981

 

23,607

 

22,675

Total Earnings (loss)

$

(41,390)

$

(19,040)

$

24,131

$

50,729

$

48,342

$

15,246

$

19,018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense,

including amortized discount and deferred debt costs

$

8,250

$

15,953

$

81,061

$

92,305

$

88,883

$

22,849

$

21,974

Interest related to VAT

liability not charged to customers

 

0

 

1,079

 

6,528

 

4,205

 

2,293

 

557

 

500

Interest element of rent expense

 

301

 

275

 

684

 

767

 

805

 

201

 

201

Total Fixed Charges

$

8,551

$

17,307

$

88,273

$

97,277

$

91,981

$

23,607

$

22,675

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency

 

49,941

 

36,347

 

64,142

 

46,458

 

43,639

 

8,361

 

3,657