Exhibit 12.1
| | | | | | | | | | | | Unaudited | |
| | Predecessor | | Successor | | | | | |
| | Year Ended December 31, | | Nine
months
ended
October 2, | | January 1,
2005
through
July 19, | | July 20,
2005
through
October 1, | | Pro Forma
Nine
months
ended
October 1, | | Pro Forma
Year ended
December 31, | |
| | 2000 | | 2001 | | 2002 | | 2003 | | 2004 | | 2004 | | 2005 | | 2005 | | 2005 | | 2004 | |
| | | | | | | | | | | | | | | | | | | | | |
Earnings: | | | | | | | | | | | | | | | | | | | | | |
(Loss) income before income taxes and minority interest | | $ | (14,592 | ) | $ | (1,588 | ) | $ | 2,922 | | $ | 7,760 | | $ | 13,861 | | $ | 11,332 | | (10,831 | ) | (4,941 | ) | (10,284 | ) | (3,199 | ) |
Income from equity investments | | — | | — | | — | | — | | (241 | ) | (205 | ) | (151 | ) | (31 | ) | (182 | ) | (241 | ) |
Distributed income from equity investments | | — | | — | | — | | — | | 326 | | 293 | | — | | — | | — | | 326 | |
Fixed charges | | 32,700 | | 29,149 | | 24,606 | | 24,567 | | 37,076 | | 27,762 | | 25,289 | | 7,357 | | 39,427 | | 48,007 | |
| | | | | | | | | | | | | | | | | | | | | |
Total earnings | | $ | 18,108 | | $ | 27,561 | | $ | 27,528 | | $ | 32,327 | | $ | 51,022 | | 39,182 | | 14,307 | | 2,385 | | 28,961 | | 44,893 | |
| | | | | | | | | | | | | | | | | | | | | |
Fixed charges: | | | | | | | | | | | | | | | | | | | | | |
Interest expense | | $ | 28,927 | | $ | 24,904 | | $ | 20,334 | | $ | 20,417 | | $ | 34,093 | | $ | 25,550 | | $ | 23,215 | | $ | 6,560 | | $ | 35,868 | | $ | 43,297 | |
Amortization of deferred financing fees | | 1,763 | | 1,867 | | 2,024 | | 2,191 | | 1,777 | | 1,324 | | 1,311 | | 623 | | 2,559 | | 3,412 | |
Amortization of original issue discount | | 858 | | 1,014 | | 1,016 | | 662 | | 92 | | 68 | | 58 | | (32 | ) | 43 | | 129 | |
Interest factor of rental expense(1) | | 1,152 | | 1,364 | | 1,232 | | 1,297 | | 1,114 | | 820 | | 705 | | 206 | | 957 | | 1,169 | |
Total fixed charges | | $ | 32,700 | | $ | 29,149 | | $ | 24,606 | | $ | 24,567 | | $ | 37,076 | | 27,762 | | 25,289 | | 7,357 | | 39,427 | | 48,007 | |
| | | | | | | | | | | | | | | | | | | | | |
Ratio of earnings to fixed charges(2) | | — | | — | | 1.1x | | 1.3x | | 1.4x | | 1.4x | | — | | — | | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(1) The interest factor of rental expense has been calculated using the rate implied pursuant to the terms of the rental agreements. For the periods presented, the weighted-average factor was between 20.2% and 25.4% of total rental expenses.
(2) For the years ended December 31, 2000 and 2001, the period from January 1, 2005 through July 19, 2005, the period from July 20, 2005 through October 1, 2005, the pro forma nine months ended October 1, 2005, and the pro forma year ended December 31, 2004, our earnings were insufficient to cover our fixed charges by $14,592, $1,588, $10,982, $4,972, $10,450, and $3,114, respectively.
