EX-12.1 3 exh12-1.htm RATIO 10-K 2011 Exhibit 12.1

Exhibit 12.1      

Statement Regarding Computation of Ratio of Earnings to Fixed Charges
(in thousands)
                               
      Year Ended December 31,
      2007     2008     2009     2010     2011
Earnings (loss)                              
Pre-tax loss   $ (3,502)   $ (31,905)   $ (19,606)   $ (30,350)   $ (36,249)
Total fixed charges   $ 41,932    $ 65,534    $ 52,759    $ 45,365    $ 38,157 
Total income before fixed charges   $ 38,430    $ 33,629    $ 33,153    $ 15,015    $ 1,908 
                               
Fixed Charges                              
Interest expenses   $ 41,397    $ 65,373    $ 52,627    $ 45,128    $ 37,736 
Assumed interest attributable to rentals   $ 535    $ 161    $ 132    $ 237    $ 421 
Total fixed charges   $ 41,932    $ 65,534    $ 52,759    $ 45,365    $ 38,157 
Deficiency of earnings available to cover fixed charges   $ 3,502    $ 31,905    $ 19,606    $ 30,350    $ 36,249 
Ratio of earnings available to cover fixed charges     n/a      n/a      n/a      n/a      n/a