Exhibit 12.1
Ratio of Earnings to Fixed Charges
For the year ended December 31, | ||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
(Loss)/income from continuing operations | $ | (6,995 | ) | $ | (143,285 | ) | $ | 17,052 | $ | (9,642 | ) | $ | 18,002 | |||||||
Total fixed charges | 41,762 | 35,531 | 45,099 | 39,181 | 34,575 | |||||||||||||||
$ | 34,767 | $ | (107,754 | ) | $ | 62,151 | $ | 29,539 | $ | 52,577 | ||||||||||
Fixed charges | ||||||||||||||||||||
Operating lease expense | $ | 16,777 | $ | 21,589 | $ | 28,658 | $ | 23,516 | $ | 10,860 | ||||||||||
Factored at one-third | 5,592 | 7,196 | 9,553 | 7,839 | 3,620 | |||||||||||||||
Interest expense | 36,170 | 28,335 | 35,546 | 31,342 | 30,955 | |||||||||||||||
Total fixed charges | $ | 41,762 | $ | 35,531 | $ | 45,099 | $ | 39,181 | $ | 34,575 | ||||||||||
Ratio of earnings/(loss) to fixed charges | (1 | ) | (1 | ) | 1.4x | (1 | ) | 1.5x | ||||||||||||
(Deficiency)/surplus in fixed charge coverage ratio | $ | (6,995 | ) | $ | (143,285 | ) | $ | 17,052 | $ | (9,642 | ) | $ | 18,002 |
(1) | In 2010, 2009 and 2007 earnings were insufficient to cover fixed charges by approximately $7.0 million, $143.3 million and $9.6 million, respectively. |