EX-12.1 3 d556146dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES

 

     Three Months Ended
March 31,
     Year Ended December 31,  
     2013     2012      2012     2011     2010     2009     2008  

Pre-tax income (loss) from continuing operations

   $ (10,008   $ 5,718       $ 14,951      $ 2,842      $ (13,096   $ (10,969   $ (40,465

Add:

               

Fixed Charges

   $ 19,169        13,206         57,019        52,724        54,456        51,300        57,896   

Amortization of capitalized interest

     99        97         382        388        216        320        438   

Distributed income of equity investees

     82        98         440        426        190       

Interest capitalized

     —          —           (119     (28     (24     —          18   
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total adjusted earnings (loss) available for payment of fixed charges

   $ 9,342      $ 19,119       $ 72,673      $ 56,352      $ 41,742      $ 40,651      $ 17,887   
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed Charges:

               

Interest expense

   $ 11,935        7,667         34,411      $ 30,688      $ 32,661      $ 30,999      $ 38,299   

Amortization of debt related expenses

     363        596         1,593        3,425        3,324        2,068        2,420   

Portion of rental expense representing interest

     6,871        4,943         21,015        18,611        18,471        18,233        17,177   
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

   $ 19,169        13,206         57,019      $ 52,724      $ 54,456      $ 51,300      $ 57,896   
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges (1)

     0.49 x        1.45 x         1.27 x        1.07 x        0.77 x        0.79 x        0.31 x   

 

(1) Our earnings were inadequate to cover fixed charges by $9.8 million, $12.7 million, $10.6 million and $40.0 million for the three months ended March 31, 2013 and the years ended December 31, 2010, 2009 and 2008, respectively.