EX-12.1 96 d887726dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Statement of Computation of Ratio of Earnings to Fixed Charges

 

     Year Ended
December 31,
2014
     Year Ended
December 31,
2013
     Successor
Period
2012
          Predecessor
Period

2012
    Year Ended
December 31,
2011
     Year Ended
December 31,
2010
 
     (In millions)  

Earnings Available for Fixed Charges:

                    

Income (loss) before tax

     54.2         92.9         (47.1 )          (36.7     71.3         75.3   

Add: fixed charges included in earnings:

                    

Interest expense

     99.9         74.7         11.1             25.8        31.6         25.8   

Interest element of rentals (A)

     0.8         0.7         0.0             0.4        0.8         1.1   

Total

     100.7         75.4         11.1            26.2        32.4         26.9   

Total earnings available for fixed charges

     154.9         168.3         (36.0          (10.5     103.7         102.2   

Fixed Charges (B):

                    

Fixed charges included in earnings

     100.7         75.4         11.1            26.2        32.4         26.9   

Capitalized interest

     —           —           —               —          —           —     

Total fixed charges

     100.7         75.4         11.1             26.2        32.4         26.9   

Ratio of Earnings to Fixed Charges

     1.54         2.23         (3.24          (0.40     3.20         3.80   

Amount of Deficiency

     Not applicable         Not applicable         47.1             36.7        Not applicable         Not applicable   

 

(A) Includes portion of rent expense considered to be interest.
(B) “Fixed charges” are defined as interest on borrowings (whether expensed or capitalized), the portion of rental expense applicable to interest, and amortization of debt issuance “Fixed charges” are defined as interest on borrowings (whether expensed or capitalized), the portion of rental expense applicable to interest, and amortization of debt issuance costs.