EX-12.1 11 b82802exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
Calculation of Ratios of Earnings to Fixed Charges
(in thousands)
                                                         
    Nine Months Ended September 30,     Year Ended December 31,  
    2010     2009     2009     2008     2007     2006     2005  
 
                                                       
RATIO OF EARNINGS TO FIXED CHARGES:
                                                       
Pre-tax (loss) income from continuing operations before adjustment for income from equity investee
    5,765       51,292       51,684       (37,042 )     (248,419 )     (8,211 )     (11,299 )
 
                                         
 
                                                       
Fixed charges:
                                                       
Interest expense (a)
    100,921       72,092       106,798       101,132       82,987       26,465       21,666  
Interest portion of rent expense (b)
    7,304       7,325       9,316       8,555       4,064       2,689       2,283  
 
                                         
Total fixed charges
    108,225       79,417       116,114       109,687       87,051       29,154       23,949  
 
                                         
 
                                                       
Total earnings (losses)
    113,990       130,709       167,798       72,645       (161,368 )     20,943       12,650  
 
                                         
 
                                                       
Ratio of earnings to fixed charges
    1.1 x     1.6 x     1.4 x     0.7 x           0.7 x     0.5 x
Ratio of coverage deficiency
                            (c)       (c)       (c)       (c)  
 
(a)   Interest expense includes the write-off and amortization of deferred financing costs and the write-off and amortization of non-cash discounts associated with our debt issuances.
 
(b)   Includes approximately one-fourth of the rent expense for each period presented which management believes is a reasonable approximation of the interest component of such rentals.
 
(c)   For the years ended December 31, 2008, 2007, 2006 and 2005, our earnings were insufficient to fully cover our fixed charges. The amount of the coverage deficiency in such periods was $37.0 million, $248.4 million, $8.2 million and $11.3 million, respectively.