EX-12.1 6 v160940_ex12-1.htm Unassociated Document

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratios)

   
Successor
   
Predecessor
 
                         
         
Period
   
Period
       
         
August 15,
   
July 1,
       
         
2007
   
2007
       
   
Year Ended
   
through
   
through
   
Year Ended
 
   
June 30,
   
June 30,
   
August 14,
   
June 30,
 
   
2009
   
2008
   
2007
   
2007
 
                         
Earnings:
                       
Income (loss) from continuing operations before income taxes
  $ (92,020 )   $ (139,531 )   $ (21,239 )   $ 33,729  
Add:  fixed charges
    86,277       76,810       584       3,848  
Total adjusted earnings (loss)
  $ (5,743 )   $ (62,721 )   $ (20,655 )   $ 37,577  
                                 
Fixed Charges:
                               
Interest expense
  $ 79,052     $ 71,144     $ 58     $ 585  
Amortization of deferred financing costs
    4,771       3,514       217       87  
Rentals at computed interest factor (1)
    2,454       2,152       309       3,176  
Total fixed charges
  $ 86,277     $ 76,810     $ 584     $ 3,848  
                                 
Ratio of Earnings to Fixed Charges*
    *       *       *       9.8 x

(1)
Amounts represent one-third of rent expense, which we believe to be representative of the interest factored in these rentals.

* The deficit of earnings to fixed charges was $92.0 million for the year ended June 30, 2009, $139.5 million for the period August 15, 2007 through June 30, 2008 and $21.2 million for the period July 1, 2007 through August 14, 2007.