Exhibit 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
(in millions, except ratios)
| (Successor) | (Predecessor) |
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| For the period from to December 31, 2006 |
For the period from to December 19, 2006 |
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| For the year ended December 31, | ||||||||||||||||||||||||
| 2005 | 2004 | 2003 | 2002 | |||||||||||||||||||||
| Earnings: |
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| (Loss) income before income taxes, minority interest, and cumulative effect of accounting change |
$ | (4.1 | ) | $ | 118.1 | $ | 75.2 | $ | (16.1 | ) | $ | (1.5 | ) | $ | 11.3 | |||||||||
| Add (less): Equity loss (earnings) |
— | — | 1.6 | 0.2 | (0.8 | ) | (2.4 | ) | ||||||||||||||||
| Add: Dividends |
— | — | — | — | 0.2 | 2.8 | ||||||||||||||||||
| Sub-total: |
(4.1 | ) | 118.1 | 76.8 | (15.9 | ) | (2.1 | ) | 11.7 | |||||||||||||||
| Add: Total fixed charges (per below) |
7.2 | 91.2 | 46.2 | 31.6 | 17.9 | 11.3 | ||||||||||||||||||
| Less: Interest capitalized |
— | 2.5 | 1.3 | 0.4 | 0.2 | 0.2 | ||||||||||||||||||
| Total earnings before income taxes, minority interest, and cumulative effect of accounting change |
$ | 3.1 | $ | 206.8 | $ | 121.7 | $ | 15.3 | $ | 15.6 | $ | 22.8 | ||||||||||||
| Fixed Charges: |
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| Interest expense, including interest capitalized |
6.9 | 86.2 | 43.2 | 29.2 | 16.0 | 9.9 | ||||||||||||||||||
| Portion of rental expense representative of the interest factor |
0.3 | 5.0 | 3.0 | 2.4 | 1.9 | 1.4 | ||||||||||||||||||
| Total fixed charges |
$ | 7.2 | $ | 91.2 | $ | 46.2 | $ | 31.6 | $ | 17.9 | $ | 11.3 | ||||||||||||
| Ratio of Earnings to Fixed Charges |
(a | ) | 2.3 | 2.6 | (a | ) | (a | ) | 2.0 | |||||||||||||||
| (a) | For the period from December 20, 2006 to December 31, 2006 and for fiscal years 2004 and 2003 earnings were insufficient to cover fixed charges by $4.1, $16.3 and $2.3, respectively. |