Attached files
Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except for ratios)
| Fiscal Year Ended January 31, | ||||||||||||
| 2009 | 2010 | 2011 | ||||||||||
| Loss before income taxes |
$ | (350,930 | ) | $ | (31,727 | ) | $ | (21,993 | ) | |||
| Interest expense (i) |
32,515 | 28,446 | 24,876 | |||||||||
| Amortization and write-off of debt issuance costs (ii) |
2,070 | 2,158 | 1,857 | |||||||||
| Goodwill impairment and adjustments and impairment of other intangibles |
326,677 | 6,828 | 1,433 | |||||||||
| Portion of rentals deemed to be interest (iii) |
2,209 | 1,822 | 1,538 | |||||||||
| (Loss) income available for fixed charges |
$ | 12,541 | $ | 7,527 | $ | 7,711 | ||||||
| Fixed charges: |
||||||||||||
| Interest expense (i) |
$ | 32,515 | $ | 28,446 | $ | 24,876 | ||||||
| Amortization and write-off of debt issuance costs (ii) |
2,070 | 2,158 | 1,857 | |||||||||
| Portion of rentals deemed to be interest (iii) |
2,209 | 1,822 | 1,538 | |||||||||
| Total fixed charges |
$ | 36,794 | $ | 32,426 | $ | 28,271 | ||||||
| Ratio of earnings to fixed charges |
0.3 x | 0.2 x | 0.3 x | |||||||||
For purposes of computing the ratio of earnings to fixed charges, earnings consist of loss before income taxes and excluding goodwill impairment and impairment of other intangibles plus fixed charges. Fixed charges consist of (i) interest expense including gains and losses on early extinguishment of debt, (ii) amortization and write-off of debt issuance costs, and (iii) that portion of rental expense we estimate to be representative of interest. Earnings would not have been sufficient to cover fixed charges by $24.3 million, $24.9 million and $20.6 million, for the fiscal years ended January 31, 2009, 2010 and 2011, respectively.