Attached files
EXHIBIT 12.1
2007 Periods | 2008 Periods | |||||||||||||||||||||||||||||||||||
First Predecessor |
First Predecessor |
Second Predecessor |
Combined | Second Predecessor |
Successor | Combined | Successor | Successor | ||||||||||||||||||||||||||||
Year Ended December 31, 2006 |
January 1, 2007 through January 30, 2007 |
January
31, 2007 through December 31, 2007 |
Year Ended December 31, 2007 |
January 1, 2008 through December 14, 2008 |
December 15, 2008 through December 31, 2008 |
Year Ended December 31, 2008 |
Year Ended December 31, 2009 |
Year Ended December 31, 2010 |
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(Unaudited) | (Unaudited) | |||||||||||||||||||||||||||||||||||
Income before income tax expense (benefit) |
$ | 15,604 | $ | (15,442) | $ | (2,871) | $ | (18,313) | $ | (54,010) | $ | (3,900) | $ | (57,910) | $ | (67,011) | $ | (195,221) | ||||||||||||||||||
Less: Equity income |
- | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||
Plus: Fixed charges |
2,133 | 437 | 29,859 | 30,296 | 40,900 | 2,548 | 43,448 | 58,906 | 44,501 | |||||||||||||||||||||||||||
Earnings available for fixed charges |
17,737 | (15,005) | 26,988 | 11,983 | (13,110) | (1,352) | (14,462) | (8,105) | (150,720) | |||||||||||||||||||||||||||
Fixed charges |
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Interest |
1,662 | 283 | 34,120 | 34,403 | 46,081 | 2,436 | 48,517 | 61,838 | 67,436 | |||||||||||||||||||||||||||
Less: Cancellation of debt |
- | - | (5,107) | (5,107) | (7,362) | - | (7,362) | (4,219) | (24,424) | |||||||||||||||||||||||||||
Interest component of rental expense |
471 | 154 | 846 | 1,000 | 2,181 | 112 | 2,293 | 1,287 | 1,489 | |||||||||||||||||||||||||||
Total fixed charges |
2,133 | 437 | 29,859 | 30,296 | 40,900 | 2,548 | 43,448 | 58,906 | 44,501 | |||||||||||||||||||||||||||
Ratio of earnings to fixed charges |
8.32 | x | - | - | - | - | - | - | - | - |
(1) | Earnings consist of income from continuing operations before income taxes and fixed charges. Fixed charges consist of interest, amortization of debt discounts, premiums and issuance costs. For the period January 1, 2007 to January 30, 2007 (predecessor 1), January 31, 2007 to December 31, 2007 (predecessor 2), January 1, 2008 to December 14, 2008 (predecessor 2), December 15, 2008 to December 31, 2008 (successor), for the year ended December 31, 2009, and for the year ended December 31, 2010, fixed charges exceeded earnings by $15,422, $2,871, $54,010, $3,900, $67,011, and $195,221, respectively. |