Attached files
Exhibit 12.1
Predecessor Entity | Successor Entity | |||||||||||||||||||||||||||
Year Ended December 31, | For
the period from January 1, 2010 through May 7, 2010 |
For
the period from May 8, 2010 through December 31, 2010 |
Three
Months Ended March 31, 2011 |
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2006 | 2007 | 2008 | 2009 | |||||||||||||||||||||||||
Earnings adjusted for fixed charges: |
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Income from operations before income taxes |
$ | 16,375 | $ | 19,866 | $ | 27,683 | $ | 37,053 | $ | 8,846 | $ | 6,421 | $ | 8,601 | ||||||||||||||
Add: Interest expense |
12,845 | 13,695 | 13,729 | 14,948 | 5,717 | 14,821 | 5,750 | |||||||||||||||||||||
Add: Estimate of implicit interest in rental expense |
1,628 | 1,920 | 2,747 | 3,051 | 1,124 | 2,432 | 907 | |||||||||||||||||||||
Less: Noncontrolling interests |
(11,833 | ) | (14,706 | ) | (17,179 | ) | (22,391 | ) | (9,266 | ) | (18,444 | ) | (7,549 | ) | ||||||||||||||
Total adjustments |
2,640 | 909 | (703 | ) | (4,392 | ) | (2,425 | ) | (1,191 | ) | (892 | ) | ||||||||||||||||
Adjusted income from operations |
$ | 19,015 | $ | 20,775 | $ | 26,980 | $ | 32,661 | $ | 6,421 | $ | 5,230 | $ | 7,709 | ||||||||||||||
Fixed charges: |
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Interest expense |
$ | 12,845 | $ | 13,695 | $ | 13,729 | $ | 14,948 | $ | 5,717 | $ | 14,821 | $ | 5,750 | ||||||||||||||
Interest portion of rent expense |
1,628 | 1,920 | 2,747 | 3,051 | 1,124 | 2,432 | 907 | |||||||||||||||||||||
Total fixed charges |
$ | 14,473 | $ | 15,615 | $ | 16,476 | $ | 17,999 | $ | 6,841 | $ | 17,253 | $ | 6,657 | ||||||||||||||
Ratio of earnings to fixed charges |
1.31 | 1.33 | 1.64 | 1.81 | 0.94 | (1) | 0.30 | (2) | 1.15 | |||||||||||||||||||
(1) | Earnings were insufficient to cover fixed charges by $0.4 million. |
(2) | Earnings were insufficient to cover fixed charges by $12.0 million. |