Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
Our consolidated ratios of earnings to fixed charges are set forth below for the periods indicated:
| Reorganized | Predecessor | |||||||||||||||||||||||||||
| For the Three | ||||||||||||||||||||||||||||
| Months Ended | ||||||||||||||||||||||||||||
| December 31, | For the Years Ended September 30, | |||||||||||||||||||||||||||
| 2006 | 2005 | 2006 | 2005 | 2004 | 2003 | 2002 | ||||||||||||||||||||||
| (In thousands) | ||||||||||||||||||||||||||||
| Earnings to fixed charges calculation(1) | ||||||||||||||||||||||||||||
| Income (loss) from continuing operations before income taxes | $ | (20,210 | ) | $ | 1,131 | $ | 25,006 | $ | 18,504 | $ | 7,495 | $ | (31,411 | ) | $ | (11,870 | ) | |||||||||||
| Fixed charges | 8,472 | 8,473 | 34,384 | 34,392 | 34,392 | 48,407 | 44,515 | |||||||||||||||||||||
| $ | (11,738 | ) | $ | 9,604 | $ | 59,390 | $ | 52,896 | $ | 41,887 | $ | 16,996 | $ | 32,645 | ||||||||||||||
| Fixed charges: | ||||||||||||||||||||||||||||
| Interest expense | $ | 8,228 | $ | 8,229 | $ | 33,410 | $ | 33,419 | $ | 33,392 | $ | 47,445 | $ | 43,466 | ||||||||||||||
| Interest portion of rent expense | 244 | 244 | 974 | 973 | 1,000 | 962 | 1,049 | |||||||||||||||||||||
| $ | 8,472 | $ | 8,473 | $ | 34,384 | $ | 34,392 | $ | 34,392 | $ | 48,407 | $ | 44,515 | |||||||||||||||
| Ratio of earnings to fixed charges(2) | N/A | 1.13 | 1.73 | 1.54 | 1.22 | N/A | N/A | |||||||||||||||||||||
| (1) | For purposes of the computation, the ratio of earnings to fixed charges has been calculated by dividing (a) income from continuing operations before income taxes plus fixed charges by (b) fixed charges. Fixed charges are equal to interest expense, amortization of deferred financing fees plus the portion of the rent expense estimated to represent interest. | |
| (2) | Earnings were insufficient to cover fixed charges for the three months ended December 31, 2006 and for the years ended September 30, 2003 and 2002 by $20.2 million, $31.4 million and $11.9 million, respectively. |