EXHIBIT 7.1
COMPUTATION OF RATIO
EARNINGS TO FIXED CHARGES
Predecessor Historical Year Ended March 31, | ||||||||||||||||||
2002 | 2003 | 2004 | 2005 | 2006 | ||||||||||||||
Earnings: | ||||||||||||||||||
Income (loss) from operations before income taxes | $ | 2,298 | $ | 19,109 | $ | (35,715 | ) | $ | (44,577 | )) | $ | (21,199 | ) | |||||
Plus fixed charges | 3,510 | 4,162 | 12,536 | 31,141 | 68,776 | |||||||||||||
Earnings | $ | 5,808 | $ | 23,271 | $ | (23,179 | ) | $ | (13,436 | ) | $ | 47,577 | ||||||
Fixed Charges: | ||||||||||||||||||
Interest expense, including amortization of debt issue costs | $ | 3,510 | $ | 4,162 | $ | 12,536 | $ | 31,141 | $ | 68,776 | ||||||||
Fixed charges | $ | 3,510 | $ | 4,162 | $ | 12,536 | $ | 31,141 | $ | 68,776 | ||||||||
Ratio of Earnings to Fixed Charges(1) | 1.7 | 5.6 | — | — | 0.7 | |||||||||||||
(1) | For the purposes of calculating the ratio of earnings to fixed charges, (1) earnings consist of earnings (loss) before fixed charges and income taxes and (2) fixed charges consist of interest expense on all indebtedness, including capital lease obligations. During the periods presented, no interest costs have been capitalized. The amount by which fixed charges exceeded earnings was $25,189 for the fiscal year ended March 31, 2004 and $24,460 for the fiscal year ended March 31, 2005. |