EX-12.1 3 d267390dex121.htm EXHIBIT 12.1 EXHIBIT 12.1

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

(in thousands)

 Predecessor Successor Year Ended December 31, Six  MonthsEndedJuly 1,2009 Six  MonthsEndedDecember 31,2009 Year Ended December 31, 2007 2008 2010 2011 Earnings: Pre-tax income (loss) from continuing operations before adjustment for income (loss) of equity investees \$ 14,644 \$ (16,186 ) \$ 457,761 \$ 1,259 \$ (20,402 ) \$ (27,200 ) Add: Fixed Charges 67,120 59,664 16,618 20,528 42,493 40,591 Add: Distributed income of equity investees — — — — — — Less: Equity investment — — — — — — Total earnings before fixed charges \$ 81,764 \$ 43,478 \$ 474,379 \$ 21,787 \$ 22,091 \$ 13,391 Fixed charges: Interest expense \$ 60,706 \$ 53,861 \$ 14,072 \$ 17,255 \$ 35,441 \$ 32,506 Accretion (amortization) on debt discount/premium, net 449 (583 ) (189 ) 3 183 213 Estimated interest component of rent expense 5,965 6,386 2,735 3,270 6,869 7,872 Total fixed charges \$ 67,120 \$ 59,664 \$ 16,618 \$ 20,528 \$ 42,493 \$ 40,591 Ratio of earnings to fixed charges(1) 1.22 <1 28.55 1.06 <1 <1

 (1) The ratio of earnings to fixed charges is computed by dividing the sum of pre-tax income from continuing operations (before adjustment for minority interests in consolidated subsidiaries and loss from equity investees) plus fixed charges, by fixed charges. Fixed charges consist of interest charges, whether expensed or capitalized, and that portion of rental expense we believe to be representative of interest.