EX-12.1 55 v133525_ex12-1.htm Unassociated Document

Exhibit 12.1


COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands)

   
Predecessor
   
Successor
   
Successor
 
               
Period
   
Period
       
               
July 1,
   
August 15,
   
Three
 
               
2007
   
2007
   
Months
 
   
Years Ended June 30,
   
through
   
through
   
Ended
 
               
August 14,
   
June 30,
   
September 30,
 
   
2006
   
2007
   
2007
   
2008
   
2008
 
                   
Earnings:
                             
Income (loss) from continuing
operations before income taxes
  $ 54,288     $ 33,729     $ (21,239 )   $ (139,531 )   $ (17,251 )
Add:  fixed charges
    3,781       3,848       584       76,810       21,662  
Total adjusted earnings (loss)
  $ 58,069     $ 37,577     $ (20,655 )   $ (62,721 )   $ 4,411  
                                         
Fixed Charges:
                                       
Interest expense
  $ 543     $ 585     $ 58     $ 71,144     $ 20,026  
Amortization of deferred financing costs
    65       87       217       3,514       1,189  
Rentals at computed interest factor (1)
    3,173       3,176       309       2,152       447  
Total fixed charges
  $ 3,781     $ 3,848     $ 584     $ 76,810     $ 21,662  
                                         
Ratio of Earnings to Fixed Charges*
    15.4 x     9.8 x     *       *       *  

(1) 
Amounts represent one-third of rent expense which we believe to be representative of the interest factored in these rentals.
 
*
The deficit of earnings to fixed charges was $21.2 million for the period July 1, 2007 through August 14, 2007, $139.5 million for the period August 15, 2007 through June 30, 2008, and $17.3 million for the three months ended September 30, 2008.