EX-12.1 8 e61825111ex12_1.htm EXHIBIT 12.1 e61825111ex12_1.htm
 
Exhibit 12.1
 

RATIO OF EARNINGS TO FIXED CHARGES
 
The following table shows the ratio of earnings to fixed charges of the Company for the periods indicated.  For purposes of computing the ratio of earnings to fixed charges, earnings represents income (loss) from continuing operations before income taxes and fixed charges.  Fixed charges represents interest expense, including amortization of debt discount and debt issuance costs and such portion of rental expense that represents an appropriate interest factor.

 
   
Year ended
December 29,
2007
   
Year ended
January 3,
2009
   
Year ended
January 2,
2010
   
Year ended
January 1,
2011
   
Year ended
December 31,
2011
 
Earnings:
                             
Income (loss) from continuing operations before taxes
  $  19,889     $ (333,403 )   $  (70,629 )   $ (250,900 )   $ 8,449  
Interest expense, including amortization of debt
    discount and debt issuance costs
     91,467       107,321         106,063       121,037       115,968  
Interest portion of rental expense
      13,596         12,632         10,392       8,515       9,013  
Total Earnings:
  $ 124,952     $ (213,450 )     45,826     (121,348 )   133,430  
                                         
Fixed Charges:
                                       
Interest expense, including amortization of debt
    discount and debt issuance costs
  $ 91,467       107,321     106,063      121,037     115,968  
Interest portion of rental expense
    13,596       12,632         10,392         8,515         9,013  
Total Fixed Charges:
  $ 105,063     $ 119,953     $ 116,455     $ 129,552     $ 124,981  
                                         
       Ratio of Earnings to Fixed Charges
    1.2 x     (1)     (1)     (1)     1.1 x
                                         
___________________
(1)
For the years ended January 3, 2009, January 2, 2010 and January 1, 2011, earnings were inadequate to cover fixed charges by approximately $333.4 million, $70.6 million and $250.9 million, respectively.