EX-12.1 136 c63279exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
Ratio of Earnings to Fixed Charges
                                                 
    Predecessor     Company  
            October 1,              
    Year Ended     2006-     April 27-        
    September 30,     April 26,     December 31,     Year Ended December 31,  
    2006     2007     2007     2008     2009     2010  
    (Unaudited)     (Unaudited)     (Audited)     (Audited)     (Audited)     (Audited)  
    ($ in thousands)  
EARNINGS
                                                
Income (loss) from continuing operations before income taxes and cumulative effect of change in accounting principle
   $ 10,209     $ (4,021 )   $ (45,626 )   $ (87,163 )   $ (21,796 )   $ (20,432 )
Plus: fixed charges (below)
     22,983       14,424       59,495       71,732       68,515       67,162  
Less: interest capitalized
     (481 )     (1,374 )     (1,797 )     (352 )     —       —  
 
                                    
Earnings for Ratio
   $ 32,711     $ 9,029     $ 12,072     $ (15,783 )   $ 46,719     $ 46,730  
 
                                                
FIXED CHARGES
                                               
Interest, including amortization of capitalized financing costs and original issue discounts
     22,502       13,050       57,698       71,380       68,515       67,162  
Interest, capitalized
     481       1,374       1,797       352       —       —  
 
                                    
Fixed charges
     22,983       14,424       59,495       71,732       68,515       67,162  
Surplus (deficiency) of earnings to fixed charges
   $ 9,728     $ (5,395 )   $ (47,423 )   $ (87,515 )   $ (21,796 )   $ (20,432 )
 
                                    
Ratio of earnings to fixed charges
     1.4 x     0.6 x     0.2 x     (0.2 )x     0.7 x     0.7 x