EX-12 9 a2202339zex-12.htm EX-12
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Exhibit 12


Ratio of Earnings to Fixed Charges

 
  December 31,  
 
  2006   2007   2008   2009   2010  

Income (loss) before income tax expense

    73,955     38,701     (54,063 )   (85,627 )   (53,856 )

Equity in earnings (loss) of equity-method investees

    (1,721 )   (1,042 )   (448 )   53     (383 )
                       

Net income (loss) before equity in earnings (loss) of equity method investees

    72,234     37,659     (54,511 )   (85,575 )   (54,239 )
                       

Add fixed charges:

                               
 

Interest expense including amortization of debt issuance costs

    54,843     70,772     78,071     87,498     101,613  
 

Estimate of interest within rental expense

    4,755     4,699     6,885     6,179     5,856  
                       

    59,598     75,471     84,956     93,677     107,469  
                       
 

Adjusted earnings

    131,832     113,130     30,445     8,103     53,230  
                       

Ratio of earnings to fixed charges (1)

    2.2     1.5     0.4     0.1     0.5  

(1)
The ratio of earnings to fixed charges is computed by dividing adjusted earnings by fixed charges.



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Ratio of Earnings to Fixed Charges