Exhibit 12.1
Calculation of Ratios of Earnings to Fixed Charges
(in thousands)
(in thousands)
| Nine Months Ended September 30, | Year Ended December 31, | |||||||||||||||||||||||||||
| 2009 | 2008 | 2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES: | ||||||||||||||||||||||||||||
| Pre-tax (loss) income from continuing operations before adjustment for income from equity investee | 39,218 | (51,252 | ) | (38,132 | ) | (248,767 | ) | (11,750 | ) | (12,390 | ) | (14,321 | ) | |||||||||||||||
| Fixed charges: | ||||||||||||||||||||||||||||
| Interest expense (a) | 72,092 | 78,762 | 101,144 | 83,025 | 26,570 | 21,795 | 22,114 | |||||||||||||||||||||
| Interest portion of rent expense (b) | 7,325 | 6,436 | 8,845 | 4,351 | 2,956 | 2,504 | 1,849 | |||||||||||||||||||||
| Total fixed charges | 79,417 | 85,198 | 109,989 | 87,376 | 29,526 | 24,299 | 23,963 | |||||||||||||||||||||
| Total earnings (loss) | 118,635 | 33,946 | 71,857 | (161,391 | ) | 17,776 | 11,909 | 9,642 | ||||||||||||||||||||
| Ratio of earnings to fixed charges | 1.5 | x | 0.4 | x | 0.7 | x | — | 0.6 | x | 0.5 | x | 0.4 | x | |||||||||||||||
| Ratio of coverage deficiency | (c) | (c) | (c) | (c) | (c) | (c) | ||||||||||||||||||||||
| (a) | Interest expense includes the write-off and amortization of deferred financing costs and the write-off and amortization of non-cash discounts associated with our debt issuances. | |
| (b) | Includes approximately one-fourth of the rent expense for each period presented which management believes is a reasonable approximation of the interest component of such rentals. | |
| (c) | Due to the loss from operations for the nine months ended September 30, 2008 and for the years ended December 31, 2008, 2007, 2006, 2005 and 2004, there were insufficient earnings of $51.3 million, $38.1 million, $248.8 million, $11.8 million, $12.4 million and $14.3 million, respectively, to cover fixed charges. |