Exhibit 12.1
Ratio of Earnings to Fixed Charges
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Fixed Charges: | ||||||||||||||||||||
| Interest expensed & capitalized | $ | 28,842 | $ | 45,870 | $ | 20,515 | $ | 19,326 | $ | 26,486 | ||||||||||
| Amortized premiums, discounts, & capitalized expenses related to indebtedness | — | — | — | — | — | |||||||||||||||
| Estimate of interest within rental expense | 13,702 | 14,024 | 13,635 | 13,175 | 12,757 | |||||||||||||||
| Preference security dividend requirements | — | — | — | — | — | |||||||||||||||
| Total Fixed Charges | $ | 42,544 | $ | 59,894 | $ | 34,150 | $ | 32,501 | $ | 39,243 | ||||||||||
Earnings: | ||||||||||||||||||||
| Pretax loss | $ | (24,495 | ) | $ | (55,005 | ) | $ | (177,164 | ) | $ | (10,802 | ) | $ | (5,451 | ) | |||||
| Fixed Charges | 42,544 | 59,894 | 34,150 | 32,501 | 39,243 | |||||||||||||||
| Amortization of capitalized interest | — | — | — | — | — | |||||||||||||||
| Distributed income of equity investees | — | — | — | — | — | |||||||||||||||
| Co. share of pre-tax losses of equity investees for which charges arriving from guarantees are included in fixed charges | — | — | — | — | — | |||||||||||||||
| Subtotal | 18,049 | 4,889 | (143,014 | ) | 21,699 | 33,792 | ||||||||||||||
| Interest capitalized | — | — | — | — | — | |||||||||||||||
| Preference security dividend requirements of consolidated subsidiaries | — | — | — | — | — | |||||||||||||||
| Minority interest in pre-tax income of minority subsidiaries that have not incurred fixed charges | — | — | — | — | — | |||||||||||||||
| Total | $ | 18,049 | $ | 4,889 | $ | (143,014 | ) | $ | 21,699 | $ | 33,792 | |||||||||
Ratio(1): | — | — | — | — | — | |||||||||||||||
| (1) | For purposes of calculating the ratio of earnings to fixed charges, this calculation is not performed for periods with a net loss before income taxes, since the ratio is not meaningful. |